resources

Resources

The stock of materials or assets that can be drawn on for use in the production of goods and services.

Natural Resources

Resources provided by nature, which can be categorized as renewable or non-renewable.

Renewable Resources

Resources that can be replenished naturally, such as sunlight, wind, and water.

Non-Renewable Resources

Resources that cannot be replenished once exhausted, like fossil fuels and minerals.

Human-Made Resources

Buildings, machinery, tools, and technology that assist in the production and utilization of natural resources.

Development

Qualitative and quantitative improvements in the living standards and overall quality of life of people in a society.

Economic Indicators

Metrics used to assess economic development, such as GDP, per capita income, employment rates, and diversity of industries.

Social Indicators

Metrics that include literacy rates, access to healthcare, and overall quality of life.

Sustainable Development

Meeting the needs of present generations without compromising the ability of future generations to meet their own needs.

Importance of Sustainable Resource Development

Essential for environmental protection, economic growth, and social equity.

Environmental Protection

Preventing depletion of resources and ensuring biodiversity through sustainable practices.

Economic Growth

Long-term economic improvement by ensuring resources are available for future generations.

Social Equity

Reducing inequalities in resource access and promoting fair distribution among all sections of society.

Role of Technology in Resource Development

Enhancements in technology that lead to improved extraction, utilization, and management of resources.

Challenges in Resource Development

Issues such as overexploitation, pollution, inequality, and climate change that affect resource availability.

Overexploitation

The depletion and scarcity of resources due to excessive use.

Pollution

Contamination of air, water, and soil resulting from industrial activities.

Inequality

Unequal access to resources that can lead to societal tensions.

Climate Change

Alterations in resource availability and livelihoods due to changing climate conditions.

Effective Resource Management

Crucial for fostering sustainable development and ensuring future generations can thrive.