What are resources of a country?

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.

What is the most resources of a country?

LIST OF TOP TEN WORLD'S RESOURCE RICH NATIONS STATISTICS:

Sr. No.	Country Name	Main Natural Resources
1	Russia	Coal, oil, gold, gas and timber
2	United States	Natural gas, gold, copper and oil
3	Saudi Arabia	Gas, timber and oil
4	Canada	Uranium, timber, oil, phosphate and gas

What are the chief natural resources?

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.

What are the 5 major resources?

List the Top 5 Natural Resources

Water. ••• Without a doubt, water is the most abundant resource on the planet. …
Oil. ••• Oil is one of the most valuable natural resources in the world, and one of the most essential to our modern way of life. …
Coal. ••• …
Forests. ••• …
Iron. •••

Apr 25, 2018

What are 3 types of resources?

First, students will learn about three types of resources (human, natural, and capital) that are a part of communities and cultures.

What are the 4 types of resources?

Four Categories of Economic Resources

Land.
Labor.
Capital.
Entrepreneurship.

Mar 30, 2020

Which country has all resources?

China has natural resources estimated to be worth $23 trillion. 1 Ninety percent of China's resources are coal and rare earth metals.

What is the most important natural resources?

Water, Air, and Soil

Water is one of the most important natural resources flowing from forests. …
Soil provides nutrients, water, oxygen and heat to natural land areas. …
Air is a third critical resource for humans, plants, animals and all other organisms within a natural area.

What are the types of resources?

Natural Resources

Biotic & Abiotic. Any life form that lives within nature is a Biotic Resource, like humans, animals, plants, etc. …
Renewable & Non-renewable. Renewable resources are almost all elements of nature which can renew themselves. …
Potential, Developed, and Stock Resources.

What are types of resources?

We can further divide them into:

Biotic & Abiotic. Any life form that lives within nature is a Biotic Resource, like humans, animals, plants, etc. …
Renewable & Non-renewable. Renewable resources are almost all elements of nature which can renew themselves. …
Potential, Developed, and Stock Resources.

What are the 7 types of resources?

Seven types of resource management are: (1) Forest resource management (2) Water resource management (3) Mineral resource management (4) Land resource management (5) Energy resource management (6) Wildlife management (7) Agriculture resource management.

What are resources examples?

Resources are anything that has utility and adds value to your life. Air, water, food, plants, animals, minerals, metals, and everything else that exists in nature and has utility to mankind is a 'Resource'. The value of each such resource depends on its utility and other factors.

How many resources are?

Resources are usually classified into three types, viz. natural, human made and human resources. Natural Resource: Resources which are obtained from nature are called natural resources.

How many types of resources are available in a country explain?

Resources are usually classified into three types, viz. natural, human made and human resources. Natural Resource: Resources which are obtained from nature are called natural resources.

What are the natural resources of India?

India's major mineral resources include Coal (4th largest reserves in the world), Iron ore, Manganese ore (7th largest reserve in the world as in 2013), Mica, Bauxite (5th largest reserve in the world as in 2013), Chromite, Natural gas, Diamonds, Limestone and Thorium.

What resources do we have?

Top 10+ Natural Resources in the World

Water. While the earth may be mostly water, only about 2-1/2 percent of it is freshwater. …
Air. Clean air is necessary for the existence of life on this planet. …
Coal. Coal is estimated to be able to last less than 200 more years. …
Oil. …
Natural gas. …
Phosphorus. …
Bauxite. …
Copper.

What types of resources are in India?

What are the 4 types of resources and examples?

There are four categories of resources or factors of production:

Natural resources (land)
Labor (human capital)
Capital (machinery factories equipment)
Entrepreneurship.

Feb 11, 2022

How many resources are there?

Resources are usually classified into three types, viz. natural, human made and human resources. Natural Resource: Resources which are obtained from nature are called natural resources.

What are resources and types of resources?

A resource is a physical material that humans need and value such as land, air, and water. 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.

What are resources types?

Natural Resources

Biotic & Abiotic. Any life form that lives within nature is a Biotic Resource, like humans, animals, plants, etc. …
Renewable & Non-renewable. Renewable resources are almost all elements of nature which can renew themselves. …
Potential, Developed, and Stock Resources.

How many resources are in India?

India is rich in natural resources. The country produces as many as 87 minerals including fuel, metallic, non-metallic, and atomic minerals. Among the minerals, reserves of coal, iron ore and bauxite are vast and will last decades.

What are resources and types?

What is resources and types of resources?

What are the main types of resources?

Resources are usually classified into three types, viz. natural, human made and human resources.