ECONOMICS (CBSE/UGC NET)

ECONOMICS

PRODUCTIVE RESOURCES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is a natural resource?
A
things we need to survice
B
materials found in nature that are useful or necessary to life.
C
materials that are man made
D
the people who work for a business
Explanation: 

Detailed explanation-1: -Earth’s natural resources include air, water, soil, minerals, fuels, plants, and animals. Conservation is the practice of caring for these resources so all living things can benefit from them now and in the future. All the things we need to survive, such as food, water, air, and shelter, come from natural resources.

Detailed explanation-2: -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-3: -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. Many of these resources are free gifts of nature and can be used directly.

Detailed explanation-4: -Water. Although mostly free, it is the most valuable natural resource and commodity in the world. Sand. Fossil Fuels. Palm Oil. Forests. Earth (or Soil) 17-May-2021

Detailed explanation-5: -(i) The resources that exist naturally without any efforts or modifications from human beings are called natural resources. For example – Air, Solar Energy, Water, Coal, Petroleum are natural resources. (ii) Natural Resources are further classified into two categories – Renewable and Nonrenewable Resources.

There is 1 question to complete.