Potential Resources

There are various potential resources that can be used for human welfare and development. These resources can be categorised into two types: natural and human-made resources. These resources can be used to create products and services that are beneficial to human society. Below are two examples of potential resources:

1. Solar Energy

Solar energy is a natural resource that can be used for various purposes. It is a renewable source of energy that is generated by the sun's rays. Solar energy can be used to generate electricity, heat water, and provide light. This resource is abundant and can be harnessed anywhere in the world, making it a potential resource for human welfare.

Advantages of Solar Energy:

- Renewable and sustainable
- Reduces electricity costs
- Reduces carbon footprint
- Requires minimal maintenance

2. Human Capital

Human capital is a human-made resource that refers to the knowledge, skills, and abilities of individuals. It is a potential resource because it can be developed and enhanced through education, training, and experience. Human capital is essential for economic development and societal progress.

Advantages of Human Capital:

- Increases productivity and efficiency
- Enhances innovation and creativity
- Improves the quality of goods and services
- Creates job opportunities

Conclusion

Potential resources are essential for human welfare and development. Natural resources, such as solar energy, and human-made resources, such as human capital, are examples of potential resources that can be utilised to create products and services that add value to human society. Harnessing and developing these resources can lead to economic growth, societal progress, and sustainable development.

Some examples of resources are natural oil reserves of the middle east . the hydroelectric power of Niagara Falls iron or deposits of madhya Pradesh and natural gas in west Asia and india.