Resources and Development

A set of vocabulary flashcards defining key terms related to the definition, classification, and transformation of resources as discussed in the lecture.

Resource

Everything available in our environment which can be used to satisfy our needs, provided it is technologically accessible, economically feasible and culturally acceptable.

Active Agents

Human beings who transform raw material provided by nature into something useful.

Technologically Accessible

The requirement that human beings have the tools and knowledge to reach and use a material.

Economically Feasible

The requirement that the cost of extraction should not outweigh the benefit of the resource.

Culturally Acceptable

The requirement that the society must be willing to accept the use of a material as a resource.

Interdependent Relationship

The interactive process of transformation involving nature, technology, and institutions, with humans acting as the link between them.

Institutions

Systems such as schools, factories, or laws built by humans to manage resources and accelerate economic development.

Biotic Resources

Resources obtained from the biosphere and which have life.

Abiotic Resources

Resources composed of non-living things, such as rocks and metals.

Renewable Resources

Also known as replenishable resources, they include continuous or flow resources like wind and water, and biological resources like forests and wildlife.

Non-Renewable Resources

Resources which can be recyclable (e.g., metals) or non-recyclable (e.g., fossil fuels).

Territorial Water

The area of water extending up to $12$ nautical miles.

Quantity and Quality

Human resource components referring to the size of the population and their skills or knowledge, also known as human capital.

Structures

Organized systems like markets and industries that facilitate the management of resources.

Classification by Status of Development

A categorization of resources into potential, developed stock, and reserves.