ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -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-2: -Natural resources are the raw materials and sources of energy that we use. Petrol, metals, soil, sand, wind, water, and everything in between are natural resources.

Detailed explanation-3: -Answer and Explanation: The correct option is option b). Natural resources can be used by propel to produce goods and services, which is the true statement about natural resources. Natural resources can be used as raw materials for the operation of other items and amenities.

Detailed explanation-4: -(a) Natural resources are the things present in the environment that can be used by humans. Three important natural resources are water, fossil fuels, like coal and petroleum, and forest and wildlife.

Detailed explanation-5: -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.