Resources (2024)

FAQs

What are examples of resources? ›

Air, water, food, plants, animals, minerals, metals, and everything else that exists in nature and has utility to mankind is a 'Resource'. The value of each such resource depends on its utility and other factors.

A resource is a physical material that humans need and value such as land, air, and water. Resources are characterized as renewable or nonrenewable; a renewable resource can replenish itself at the rate it is used, while a nonrenewable resource has a limited supply.

Information technology (IT) resources are defined as, but are not limited to, any computers, computer systems, network devices, telephone systems, or software applications.

What Are Three Often-used Resources in the United States? The United States has three common resources: petroleum, natural gas, and coal. Canada has three common resources: lumber, hydroelectric electricity, and copper-T.

Humans need the following basic resources to survive: air, water, housing, food, and healthcare. Air, water, and food are all renewable, while housing and healthcare are not.

resource is a source or supply from which a benefit is produced and that has some utility. Resources can broadly be classified upon their availability — they are classified into renewable and non-renewable resources.

The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

Paragraph on Natural Resources 200 Words

Natural resources help in sustaining life on Planet Earth. Air, water and sunshine are all natural resources that keep life going on earth. We need oxygen present in the air to breathe. If we do not have air to breathe, we will perish.

Resource refers to all the materials available in our environment which are technologically accessible, economically feasible and culturally sustainable and help us to satisfy our needs and wants. Resources can broadly be classified according to their availability as renewable or national and international resources.

What is full of resources in one word? ›

Think of resourceful people as “full of resources,” or tools for coming up with solutions. They adapt well to new or difficult situations and they are able to think creatively. For example, if a snake gets loose in the pet store, a resourceful person will be able to figure out how to lure it back into its cage again.