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Resource. Resource refers to all the materials available in our environment which are technologically accessible, economically feasible and culturally sustainable and help us to satisfy our needs and wants. Resources can broadly be classified according to their availability as renewable or national and international resources).
Natural-resource meaning [:] An actual or potential form of wealth supplied by nature, as coal, oil, water power, timber, arable land, etc. A material source of wealth, such as timber, fresh water, or a mineral deposit, that occurs in a natural state and has economic value. Something, such as a forest, a mineral deposit, or fresh water, that is ...
Resource efficiency is the maximising of the supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively, with minimum wasted ( natural) resource expenses. It means using the Earth's limited resources in a sustainable manner while minimising environmental impact .
Renewable resources are a part of Earth's natural environment and the largest components of its ecosphere. A positive life-cycle assessment is a key indicator of a resource's sustainability. Definitions of renewable resources may also include agricultural production, as in agricultural products and to an extent water resources.
Resource recovery is part of a circular economy, in which the extraction of natural resources and generation of wastes are minimised, and in which materials and products are designed more sustainably for durability, reuse, repairability, remanufacturing and recycling. [3] Life-cycle analysis (LCA) can be used to compare the resource recovery ...
A circular economy (also referred to as circularity or CE) [2] is a model of resource production and consumption in any economy that involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products for as long as possible.
Renewable energy (or green energy) is energy from renewable natural resources that are replenished on a human timescale. Using renewable energy technologies helps with climate change mitigation, energy security, and also has some economic benefits. [1] Commonly used renewable energy types include solar energy, wind power, hydropower, bioenergy ...
Natural resource economics is a transdisciplinary field of academic research within economics that aims to address the connections and interdependence between human economies and natural ecosystems. Its focus is how to operate an economy within the ecological constraints of earth's natural resources. [3] Resource economics brings together and ...