🌱Resources can be classified into biotic (living) and abiotic (non-living) based on their origin.
💡Developed resources are fully surveyed and their quality and quantity are determined for utilization.
🚀Potential resources have technology available but are not fully used yet.
📊Stocks are resources for which present technology cannot extract.
🔒Reserves are resources that are known and can be economically and technologically extracted.
What are the different classifications of resources?
—Resources can be classified based on origin, development status, ownership, and exhaustibility.
What is the difference between developed and potential resources?
—Developed resources have been fully surveyed and are utilized, while potential resources have technology available but are not fully used yet.
What are stocks and reserves?
—Stocks are resources for which technology is not available to extract, while reserves are resources that are economically and technologically extractable.
Give an example of biotic and abiotic resources.
—An example of a biotic resource is fruits, while an example of an abiotic resource is sunlight.
How do technology and institutions play a role in resource utilization?
—Technology and institutions help in surveying, extracting, and utilizing resources efficiently.
00:00The video introduces the classification of resources based on origin, development status, ownership, and exhaustibility.
02:30Biotic resources are obtained from living things, while abiotic resources come from non-living things.
05:20Developed resources have been surveyed and their quantity and quality determined for utilization.
08:30Potential resources have technology available but are not fully used yet.
12:30Stocks are resources for which present technology cannot extract.
13:50Reserves are resources that are known and can be economically and technologically extracted.
14:50Technology and institutions play a vital role in surveying, extracting, and utilizing resources efficiently.
