DEFINITION OF NATURAL RESOURCES

DEFINITION OF NATURAL RESOURCES

Natural resources occur naturally within environments that exist relatively undisturbed by mankind, in a natural form. A natural resource is often characterized by amounts ofbiodiversity and geodiversity existent in various ecosystems.

Natural resources are derived from the environment. Some of them are essential for our survival while most are used for satisfying our wants. Natural resources may be further classified in different ways.

Natural resources are materials and components (something that can be used) that can be found within the environment. Every man-made product is composed of natural resources (at its fundamental level). A natural resource may exist as a separate entity such as fresh water, and air, as well as a living organism such as a fish, or it may exist in an alternate form which must be processed to obtain the resource such as metal ores, oil, and most forms of energy.

There is much debate worldwide over natural resource allocations, this is partly due to increasing scarcity (depletion of resources) but also because the exportation of natural resources is the basis for many economies (particularly for developed nations such as Australia).