ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Natural resources are central to human wellbeing. We cannot live without the clean air we breathe, the plants we eat, or the water we drink. We need natural resources to put roofs over our heads and heat our homes. We need them to survive and to thrive.

Detailed explanation-2: -Natural resources are materials from the Earth that are used to support life and meet people’s needs. Any natural substance that humans use can be considered a natural resource. Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water.

Detailed explanation-3: -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. 6. Irrational consumption and over utilisation of natural resources has led to socio-economic and environmental problems.

Detailed explanation-4: -If resources are carelessly managed, many will be used up. If used wisely and efficiently, however, renewable resources will last much longer. Through conservation, people can reduce waste and manage natural resources wisely. The population of human beings has grown enormously in the past two centuries.

Detailed explanation-5: -Conservation of resources means management of natural resources for all the living beings by which not only the needs of the present generation are fulfilled, but also there may remain all possibilities of nurturing the future generations. Thus, there is an urgent need to conserve the nature.