what are the three main characteristics of resources?
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Resources characteristics: Resources have three main characteristics namely 1) Utility, 2) Limited availability, 3) Potential for depletion or consumption.
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Related Resources Resources are characterized as renewable or nonrenewable; a renewable resource can replenish itself at the rate it is used, while a nonrenewable resource has a limited supply. Renewable resources include timber, wind, and solar while nonrenewable resources include coal and natural gas.
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Resource planning comprises three stages: (i) Preparation of inventory of resources. (ii) Evaluation in terms of availability for development. The first stage includes surveying, mapping and measurement of characteristics and properties of resources.
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['Main Definitions. Energy is the capacity to perform work. ... ', 'Energy Sources and Forms. The basic energy source is the sun. ... ', 'Energy Quality and Operative Flexibility. Energy may be superior or inferior (i.e., its qualitative level varies). ... ', 'Energy conversions and their efficiencies. ... ', 'Energy Features and Units of Measure.']
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['Water. Like soil, water is one of the most important natural resources for the existence of life.', 'Soil. ... ', 'Timber. ... ', 'Salt. ... ', 'Oil. ... ', 'Natural Gas. ... ', 'Coal. ... ', 'Iron. ... ']
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['Raw Materials: ADVERTISEMENTS: ... ', 'Power: Regular supply of power is a pre-requisite for the localisation of industries. ... ', 'Labour: ... ', 'Transport: ... ', 'Market: ... ', 'Water: ... ', 'Site: ... ', 'Climate:']
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['Tools. ... ', 'Experience. ... ', 'Systems. ... ', 'Emotional Appeal. ... ', 'Sustainability. ... ', 'Growth. ... ', 'Function. ... ', 'Aesthetics.']
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['1 Nutrition. Living things take in materials from their surroundings that they use for growth or to provide energy. ... ', '2 Respiration. ... ', '3 Movement. ... ', '4 Excretion. ... ', '5 Growth.', '6 Reproduction. ... ', '7 Sensitivity.']
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resource. An economic or productive factor required to accomplish an activity, or as means to undertake an enterprise and achieve desired outcome. Three most basic resources are land, labor, and capital; other resources include energy, entrepreneurship, information, expertise, management, and time.
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Classical economics recognizes three categories of resources, also referred to as factors of production: land, labor, and capital. Land includes all natural resources and is viewed as both the site of production and the source of raw materials.
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Resources is a very broad term, it is basically anything that can be considered a valuable addition. Anything from air to gold is all resources. Let us take a look at the two broad types of resources – natural resources and man-made resources.
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Economic, or scarce, resources are also called factors of production and generally classified as either labor, capital, land, or entrepreneurship. Economic resources are the workers, equipment, raw materials, and organizers that are used to produce economic goods.
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Source of Economic Growth # 2. The important resources here are arable land, oil and gas, forests, water, and mineral resources. Some high-income countries like Canada and Norway have grown primarily on the basis of their ample resource base, with large output in agriculture, fisheries, and forestry.
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Natural resources are materials and substances that occur naturally and can be used for economic gain. They include minerals, forests, fertile land, and water. ... They include metal ores, fossil fuels, earth minerals, and in some in certain situations groundwater.
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['The use of natural resources. ... ', 'Deforestation. ... ', 'Energy resources. ... ', 'Oil and gas drilling. ... ', 'Water resources. ... ', 'Relationships between human activities and the surroundings. ... ', 'Vehicle production. ... ', 'Littering.']
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['Productivity. Productivity is the amount of work you produce in an hour, week, month or year. ... ', 'Efficiency. Efficiency is the amount of resources consumed for an output. ... ', 'Cost Reduction. ... ', 'Customer Satisfaction. ... ', 'Management. ... ', 'Change Management. ... ', 'Business Capabilities. ... ', 'Risk Management.']
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['(1) Permanence:', '(2) Exclusiveness:', '(3) All Comprehensiveness:', '(4) Inalienability:', '(5) Unity:', '(6) Imperscriptibility:', '(7) Indivisibility:', '(8) Absoluteness:']