ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a gift of nature
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resources of natur
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Either A or B
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None of the above
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Detailed explanation-1: -A natural resource is a substance/commodity that is a gift of nature which is very useful to mankind.
Detailed explanation-2: -These resources are divided into four broad categories: natural (land), human (labor), capital and entrepreneurship. Natural resources are “gifts” of nature and include things like raw materials, water, wood, air, sunlight, soil, animals, etc.
Detailed explanation-3: -Answer: Natural resources are gifts of nature since they are available free of cost without any expenses. They can be used further by humans in various forms without paying to the nature in any form.
Detailed explanation-4: -The long range of mountains, the wide oceans, the sparkling streams, the dense forests, the animals, birds and insects are the gifts of nature.
Detailed explanation-5: -Everything that nature gives us is a gift. But when that gift becomes a useful thing for a human, it is a resource.