Difference between Potential and Actual Resources : Distinguish between potential and actual resources Class 8

Difference between Potential and Actual Resources : Distinguish between potential and actual resources Class 8

Resource refers to all the materials available in our environment which help us to satisfy our needs and wants. Resources can broadly be classified upon their availability — they are classified into renewable and non-renewable resources. They can also be classified as actual and potential on the basis of the level of development and use, on the basis of origin they can be classified as biotic and abiotic, and on the basis of their distribution, as ubiquitous and localised (private, community-owned, national and international resources).

An item becomes a resource with time and developing technology. The benefits of resource utilization may include increased wealth, proper functioning of a system, or enhanced well-being. From a human perspective, a natural resource is anything obtained from the environment to satisfy human needs and wants. From a broader biological or ecological perspective, a resource satisfies the needs of a living organism

Natural resources

Natural resources are derived from the environment. Many natural resources are essential for human survival, while others are used for satisfying human desire. Conservation is management of natural resources with the goal of sustainability. Natural resources may be further classified in different ways.[1]

Resources can be categorized on the basis of origin:

Abiotic resources comprise non-living things (e.g., land, water, air and minerals such as gold, iron, copper, silver).
Biotic resources are obtained from the biosphere. Forests and their products, animals, birds and their products, fish and other marine organisms are important examples. Minerals such as coal and petroleum are sometimes included in this category because they were formed from fossilized organic matter, though over long periods of time.
Natural resources are also categorized based on the stage of development:

Potential resources

Potential resources are known to exist and may be used in the future. For example, petroleum may exist in many parts of India and Kuwait that have sedimentary rocks, but until the time it is actually drilled out and put into use, it remains a potential resource.

For example:-

1. Mineral oil may exist in many parts of India where sedimentary rocks are found but till it is actually drilled out and put into use, it remains a potential resource.

2. The uranium found in Ladakh is potential resource that could be used in the future.

3. High speed winds were a potential resource two hundred years ago.

Actual resources

Actual resources are those that have been surveyed, their quantity and quality determined, and are being used in present times. For example, petroleum and natural gas is actively being obtained from the Mumbai High Fields. The development of an actual resource, such as wood processing depends upon the technology available and the cost involved. That part of the actual resource that can be developed profitably with available technology is known as a reserve resource, while that part that can not be developed profitably because of lack of technology is known as a stock resource.

For example :-

1 The petroleum and the natural gas which is obtained from the Mumbai High Fields and West Asia

2 The rich deposits of coal in Ruhr region of Germany

3 Dark soils of the Deccan plateau in Maharashtra