What is mean by potential resources?

What is mean by potential resources?

Potential resources are known to exist and may be used in the future. Actual resources are those that have been surveyed, their quantity and quality determined, and are being used in present times. For example, petroleum and natural gas is actively being obtained from the Mumbai High Fields.

What are potential resources with example?

A type of natural resource that exists in a region and may be used in the future (in contrast to actual resource). For example petroleum in India is and will be a potential resource as long as it has not been used yet or accessed for use.

What are the examples of stock resources?

Examples of stock resources include fossil fuels (coal, oil, gas) as well as minerals such as gold, copper, tin, uranium etc. In contrast to stock resources, flow resources are renewed within a short timescale, either through natural physical systems or biotic reproduction.

What is the difference between actual and potential resources?

Actual Resources are those which have been surveyed, their quantity and quality determined and are being used in present times. Potential Resources: Potential Resources Potential resources are resources which exist in a region and which can be used in the future. 1.

What are the three types of resource?

In general, there are three types of resources or sources of information: primary, secondary, and tertiary.

What are the five type 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.

What are the two main types of 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.

What are the 10 natural resources?

Top 10+ Natural Resources in the WorldWater. While the earth may be mostly water, only about 2-1/2 percent of it is freshwater. Air. Clean air is necessary for the existence of life on this planet. Coal. Coal is estimated to be able to last less than 200 more years. Oil. Natural gas. Phosphorus. Bauxite. Copper.

What are some examples of resources?

11 Examples of ResourcesKnowledge. Knowledge such as know-how.Labor. The productive capacity of people.Land. Space for nature, living, commercial activity, agriculture and energy production.Natural Resources. Air, water, trees, minerals and other resources that come from the natural environment.Energy. Technology. Services. Finance.

What are your resources?

Resources can be described as assets (time, money, energy), materials, or capital (other funds) which can be used to accomplish your goal. What are your financial resources? Make a list of all of your assets, or everything that you own. and physical assets such as cars, home, or personal possessions.

What is resource in simple words?

a source of supply, support, or aid, especially one that can be readily drawn upon when needed. resources, the collective wealth of a country or its means of producing wealth.

What are some examples of physical resources?

Some of the most common physical resources include raw materials, buildings and facilities, machinery, energy, and supplies.

What do you mean by physical resources?

Physical Resources are: Equipment, Materials, Supplies, Facilities, and Infrastructure that are utilized by your project, or become a part of your project deliverable.

What is human and physical resources?

1) Human resources are the people who make up the workforce of an organisation, business sector, or economy. While physical resources of an organisation include manufacturing equipment and tools, inventories, production, assembly, office building, money, storage and distribution facilities etc.

What are physical resources in education?

Material/Physical Resources In educational system, the physical resources would include the classrooms/lecture rooms, staff offices, vehicles, health centers, library, laboratory, and so on, which directly or indirectly contribute to the achievement of goals.

What are examples of school resources?

These include school furniture, equipment, technology, curriculum materials, manipulatives, textbooks, and any other materials within the school. Financial resources include cash and lines of credit.

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