Natural resources- Exam questions

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Philip Berry

Natural resources- Exam questions

1) Natural resource’s are those environmental ‘goods’, including the so-called ‘free’ goods such as air and water, which are available in nature. It refers to a stock (e.g. A forest), which produces a flow of goods (e.g. New tress). Natural resources can be divided into renewable and non-renewable; the level of flow on non-renewable resources(e.g. fossil fuels) is determined economically and politically. Natural resources are culturally defined- we can change our minds about what to use as well as Changing  our technical ability to exploit the environment

2) A resource is any physical or virtual thing of limited availability, or anything used to help one earn a living. As resources are very useful, they have a  to them. Resources help to produce goods so they have economic value.  like , mountains etc. are very beautiful so they have aesthetic value. On the other hand, resources have an ethical value as well because it is our moral duty to protect and conserve them for the future generations. There are 3 Main types of resources these are:  Natural resources, Human resources and Capital/Material resources. We can assume that there is an extent to which natural resources are essential to a countries economic development.

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There are numerous examples where this extent is shown, the first being the Middle East. The Middle East has always had a rich abundance of natural resources, the oil industry dominant the area's economy. Between 30 and 40% of the entire world’s energy comes from oil and Over half the world’s oil is in the Middle East. Countries with carbon-based economies and lifestyles or with few or no fossil fuels of there own are dependent on the region for exports. Middle Eastern economies range from nations being very poor (such as Gaza and Yemen) to extremely wealthy nations (such ...

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Overall rating 3 out of 5 stars. - The essay covers a lot of key points and also manages to explain a few more complex theories and concepts. - Case studies are used appropriately and add detail and show some depth of knowledge and understanding. However, some details are a little blurred and there is little care given to the US one. - Capital/material resources that are mentioned as one of three types are never mentioned within the essay. - Grammar lets the essay down a great deal, including the careless use and mis-use of capital letters.