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What do you understand by a ‘natural resource’? - Economics

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Question

What do you understand by a ‘natural resource’?

Short Answer
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Solution 1

Natural resources, including land, forests, minerals, petroleum, and water, are free gifts from nature that are utilized to produce goods and services.

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Solution 2

A natural resource is defined as everything found in nature that humans can use and benefit from. It includes things such as air, water, soil, forests, minerals, and fuels that contribute to meet human requirements and sustain life on Earth.

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Natural Regions of the World
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Chapter 21: Project Work - PROJECT 6 [Page 438]

APPEARS IN

Frank Economics [English] Class 12 ISC
Chapter 21 Project Work
PROJECT 6 | Q 1. | Page 438
C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 13 Natural Resources
EXERCISES | Q II. 1. | Page 159
J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 5 Basic Problems of An Economy
QUESTION BANK | Q 1. | Page 81
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