Classification of Resources based on Exhaustibility

Resources are the inputs that are utilized to satisfy human wants. These resources can be classified based on various criteria, such as origin, availability, and exhaustibility. Exhaustibility is a significant factor that determines the classification of resources. Based on exhaustibility, the resources can be classified into two types:

1. Renewable Resources
Renewable resources are those that can be replenished naturally or through human efforts. These resources are not exhausted by human consumption and can be used repeatedly. Some examples of renewable resources are solar energy, wind energy, water, and forests.

2. Non-Renewable Resources
Non-renewable resources are those that are limited in nature and cannot be replenished once they are exhausted. These resources are formed over a long period and are not available in unlimited quantities. Examples of non-renewable resources are fossil fuels, minerals, and metals.

Importance of Classifying Resources

Classification of resources based on exhaustibility is essential as it helps in the effective utilization and conservation of resources. It also helps in the sustainable development of society by ensuring that resources are not overexploited and depleted. Understanding the nature of resources is crucial for policymakers to make informed decisions and develop appropriate strategies for resource management.

Conclusion

In conclusion, resources can be classified based on various criteria, and exhaustibility is a critical factor that determines their classification. Renewable resources can be replenished naturally or through human efforts, while non-renewable resources are limited in nature and cannot be replenished once they are exhausted. The effective utilization and conservation of resources are crucial for sustainable development, and understanding the nature of resources is essential for policymakers to make informed decisions.