Name: Introduction to Resources
Uploaded: 2019-07-19
Duration: 5 min 36 s
Description: Our lives depend on how well we use our resources. In this video, you will learn about resources and their value.

Question

What criteria differentiates a potential resource from an actual resource?

Accepted Answer

Resources can also be classified into potential and actual resources on the basis of their stage of development. The criteria which differentiate between the two are as follows:

Potential Resource Actual Resource

1. Potential resources are located, discovered, known to exist but are not used currently, or they are used very rarely. They may be used in the future. 1. Actual resources are those resources which are located, discovered, examined and utilised widely by humans.

2. Examples of potential resources are solar energy, geothermal energy, tidal energy, etc. 2. Examples of actual resources are coal, iron ore, petroleum, uranium resources, etc.

3. The actual quantity or supply of a potential resource may be unknown. Additionally, more advanced technology may be required to access and utilise potential resources. 3. In case of actual resources actual quantity may be known and technologies have been created to access, develop and utilise them.

What criteria differentiates a potential resource from an actual resource?

Important Questions on Types of Resources

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