ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water. Animals, birds, fish and plants are natural resources as well. Natural resources are used to make food, fuel and raw materials for the production of goods.

Detailed explanation-2: -Natural and Built Environments may be natural or built. A natural environment is a type of environment found in nature. It includes all naturally occurring things, both living and nonliving. It, therefore, involves the complex relationships of weather, climate, living species, and natural resources.

Detailed explanation-3: -Natural resources are those that occur in an environment in their natural form, unchanged by human tinkering and industry. Air and water are certainly the top two that are key for human survival. Other biggies-coal, gas and oil-are now mega industries in our developed world.

Detailed explanation-4: -On the basis of the their stage of development: Potential resources: these are resources that exist in a region and may be used in the future. For example, if a country has petroleum in sedimentary rocks, it is a potential resource until it is actually drilled out of the rock and put to use.