Each society must decide what to produce in order to satisfy the needs and wants of its people.They determine who consumes these goods and services by how societies distribute income. Economic Efficiency. Because resources are always scarce, societies try to maximize what they can produce using the resources they have
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What defines the way resources can be used?
Explanation: Resources are generally classified into natural, human made and human. Resources that are drawn from Nature and used without much modification are called natural resources. The air we breathe, the water in our rivers and lakes, the soils, minerals are all natural resources.
What are the 4 types of resources?
There are four categories of resources, or factors of production:
- Natural resources (land)
- Labor (human capital)
- Capital (machinery, factories, equipment)
- Entrepreneurship.
Why does an individual need resources?
Answer: Resources are important for the development of any country. For example, to generate energy, one need fossil fuels; and for industrial development, we require mineral resources.Natural resources are getting scarce with the increasing population, so it is essential to conserve them.
What is meant by resources describe its usage class 10?
Ans. Everything available in our environment which can be used to satisfy our needs, provided, it is technologically accessible, economically . feasible and culturally acceptable can be termed as Resource.
What do you understand by resources?
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.
How do the human beings use the natural resources?
Humans use natural resources for everything they do: for example, they use soil and water to grow food, wood to burn to provide heat or to build shelters, and materials such as iron or copper extracted from Earth to make cooking pans. By the end of grade 5.Some resources are renewable over time, and others are not.
How does man develop the resources?
Humans plays an vital role to develop resource. Some important factors that make human to develop resources are:Human’s Planning , aspiration , Decision making abilities, resource usability and improvement in the quality of life.
How do we classify resources?
(i) On the basis of origin – biotic and abiotic. (ii) On the basis of exhaustibility – renewable and non-renewable. (iii) On the basis of ownership-individual, community, national and international. (iv) On the basis of the state of development- potential, developed and stock.
What is the role of humans in resource development?
(i) Human beings interact with nature through technology and create institutions to accelerate their economic development. (ii) Human beings transfer material available in our environment into resource and use them.
What is meant by resource mention its main characteristics?
Its characteristics are as follows: (i) A resource is a source or supply from which benefit is produced. (ii) Typically resources are materials, money, services, staff or other assets that are transformed to produce benefit and in the process may be consumed or made available.
How are resources classified according to their development and use?
Natural Resource
Natural resources are classified according to their development and use are,Actual resources – Actual resources are the resources where quantity is known which are being used in the present.
How do human beings depend on natural resources for food?
Humans depend on natural resources for sources of energy and raw materials to make products. Food is another natural resource that can be consumed in its natural state or processed into some other product (think wheat into flour into bread). Resources can be put into categories as renewable and nonrenewable.
How are human resources different from natural resources?
Natural resources are part of the organic world, while human resources are man-made.
Differentiate between natural and human resources.
| Human resource | Natural resource |
|---|---|
| Human resources were produced or affected by humans. | Natural resources were created by nature, not by humans |
How are human beings an essential component of resources classify the resources?
Human beings are essential components of resources because it is only human resources that make other things a resource. Like if human beings didnt mined the precious metals like golds and silver and made there jewelleries they will not be as precious as they are today.
What is a resource write three characteristics that constitute a resource?
Resources characteristics: Resources have three main characteristics namely 1) Utility, 2) Limited availability, 3) Potential for depletion or consumption.
What is a human made resources?
Human made resources, or capital resources, are material riches created by humans that can be used to get more wealth. Examples include money, factories, roads, and technology.Such resources are called human-made resources.