ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed explanation-1: -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. Renewable resources include timber, wind, and solar while nonrenewable resources include coal and natural gas.
Detailed explanation-2: -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.
Detailed explanation-3: -Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water.
Detailed explanation-4: -Static resources. Internal resources. External resources.
Detailed explanation-5: -Water is one of the most important natural resources flowing from forests. Soil provides nutrients, water, oxygen and heat to natural land areas. Air is a third critical resource for humans, plants, animals and all other organisms within a natural area.