Natural resources - Research Paper Example

Download file to see previous pages So, there are several industries that are considered as natural resource industries such as mining, fishing, forestry and many others but agriculture is barred from this list. The name ‘natural resource’ was suggested, by E.F. Schumacher in the book published in the era of 1970s called as Small is Beautiful (Longstreth, 2011, p.4). Categorization of Natural Resources Natural resources are categorized into renewable and the non-renewable ones. Renewable resources are the ones, which can replenish themselves, provided that they are not over-harvested and are utilized wisely (Perman, 1999, p.9). The examples include fishes, forests, trees and other things. Once, these renewable resources are utilized at a speed which is greater than their normal tempo of replacement, the entire reserves will decrease in quantity and ultimately be depleted. The speed of utilization of a natural resource should be equal to the replacement speed and the quantity of reserve stock of a particular natural resource. Inorganic renewable natural resources comprise of soil and water. Flow renewable resources can be harmonized with renewable resources but the difference is that they do not require renewal like the renewable ones. Renewable power sources that are incorporated in the list of Flow renewable resources are of sun: solar, of earth: geothermal, biomass, landfill gas, of sea: tides and wind. Resources can be further categorized on the grounds of their source of origin: biotic ones and the abiotic ones (Perman, 1999, p.9). Biotic resources result from the living beings but the abiotic resources are originated from the non-living components of the earth such as land, air and water. Other resources such as those related with minerals and power are also in the abiotic category, though some of them are derivative of the natural resources. Non-renewable resources A natural resource, which is present in rigid amounts and cannot exist, grow or renew itself at a speed as it is utilized, is a non-renewable resource. Few of the non-renewable resources can become renewable but they require very long time duration to come into this category such as the fossil fuels which need millions of years to build up in moderate amount but they cannot be called as exactly renewable. Natural capital Natural resources can become natural capital when they are used up as a commodity that can help to increase the infrastructural capital developments (Perman, 1999, p.9). These can comprise of loam, timber wood, various oils, different minerals and some other sort of products that are digged from the earth. Both the mining of the essential resource and then refining them to an unpolluted, straightly functional form, for example, some metals and the refined oils, are usually designated as the natural resource capitals, although the latter may perhaps not essentially happen next to the former one. A country’s natural resource, sometimes, verify its capital and the repute in the world economic structure, via depicting the political affect in it. Urbanized states in the world are actually not reliant on natural resources for riches, because of their increased dependence on infrastructural capital for fabrication of new products. Though, some view this resource nuisance which might harm the future vistas of a nationalized country because of the time that is wasted in offering bribes for other similar sort of economically non-productive activities that do not lead ...Download file to see next pagesRead More