What Is The Most Important Resource?

What are 20 natural resources?

Natural Resources by CountryBauxite.Coal.Copper.Diamonds.Gold Lead.Iron ore.Mineral sands.Natural gas.More items….

What country has the most natural resources?

Some of the countries with the most natural resources in the world include:Australia. Mining is the primary industry in Australia and the main contributor to its economy which earns them over $19.9 trillion per annum. … Democratic Republic of the Congo. … Venezuela. … United States. … Brazil. … Russia. … India. … Canada.More items…•

Why is it important to protect natural resources?

Need for Conservation of Natural Resources As the population of the world is increasing at an alarming rate, the consumption of natural resources is also increasing. Hence, these resources should be conserved to maintain ecological balance and save them for future generations.

Which is the most important resource and why?

Human resource is considered to be the most significant resource of a country, which directly contributes to the countries economy with its productivity.

What are the 3 most important resources?

Top 10+ Natural Resources in the WorldWater. While the earth may be mostly water, only about 2-1/2 percent of it is freshwater. … Air. Clean air is necessary for the existence of life on this planet. … Coal. Coal is estimated to be able to last less than 200 more years. … Oil. … Natural gas. … Phosphorus. … Bauxite. … Copper.More items…

What is the most important resource in an organization?

The Human Element: Your Most Important Business Resource.

What are the 5 types of resources?

Natural ResourcesBiotic & Abiotic. Any life form that lives within nature is a Biotic Resource, like humans, animals, plants, etc. … Renewable & Non-renewable. Renewable resources are almost all elements of nature which can renew themselves. … Potential, Developed, and Stock Resources.

What is the importance of resource?

Natural resources are important in our life because they are used to sustain life and meet people’s requirements. Any natural substance that people utilize can be recognized as a natural resource. For instances, natural resources combine fresh water, timber, oxygen, and solar energy.

What is the most scarce resource in the world?

The six natural resources most drained by our 7 billion peopleWater. Freshwater only makes 2.5% of the total volume of the world’s water, which is about 35 million km3. … Oil. The fear of reaching peak oil continues to haunt the oil industry. … Natural gas. … Phosphorus. … Coal. … Rare earth elements.

What is the role of resources in our daily life?

Resources are important for us as we utilise them to satisfy our wants. Many minerals like iron, copper, mica etc. … Minerals like coal and petroleum are used for the generation of electricity. Natural resources like water and air are indispensable for human life.

What is the most valuable natural resource on earth?

OilOil is one of the most valuable natural resources in the world, and one of the most essential to our modern way of life.

How resources are helpful in our daily life?

Natural resources such as coal, natural gas and oil provide heat, light and power. Natural resources also are the raw materials for making products that we use everyday from our toothbrush and lunch box to our clothes, cars, televisions, computers and refrigerators.

Which countries are resource rich?

These are the 10 most resource-rich countries in the world.Russia.United States.Saudi Arabia.Canada.Iran.China.Brazil.Australia.More items…•

What are the two most important resources?

What is the most important natural resource in the world? You might think of diamonds, platinum or gold, or perhaps valuable fuels such as oil and natural gas. However, there is only one resource we truly could not live without: fresh water. People have even started to call it “blue gold”.

How do humans use natural resources?

Humans use natural resources for everything they do: for example, they use soil and water to grow food, wood to burn to provide heat or to build shelters, and materials such as iron or copper extracted from Earth to make cooking pans. By the end of grade 5. … Some resources are renewable over time, and others are not.