### asset | resource:

Natural resource
* All natural resources belong equally to every living person.
* Many natural resources are nonrenewable, which means that they are irreplaceable
  - depend on climatic inputs and variables
* Most natural resources exist in amounts.
* Most natural resources provide food
  - nutritious food
* Natural Resources are gifts from nature.
* Some natural resources are bauxite, gold, iron ore, manganese, and phosphates
  - renewable and some are non-renewable
* are a necessary ingredient of all economic activity
  - vital part of the economy and quality of life in the United States
  - an integral part of our lives
  - derived from the environment
  - either physical or biological in nature
  - essential to the economies of nearly all developing nations
* are extremely abundant in the Arctic, but they have remained largely untapped
  - important in any civilization
  - for the common good of man rather than individual ownership
  - gold, silver, oil, ore and shale
  - important to the economy
  - items provided by nature from which people produce goods and provide services
* are limited and even water has to be strictly conserved
  - to negligible mineral resources
  - necessary to people's survival
  - phosphate, iron ore, zinc, fish, salt, lead, and manganese
  - plentiful, with deposits of coal and iron ore
  - resources that exist without actions of humankind
* are substances found in nature that can be used to improve our quality of life
  - that occur naturally
* are the backbone of Maine's economy
  - foundation of Canada s economy
  - gifts of nature
  - things found in nature that people use
  - things like water, trees, electricity etc
  - useful materials from the earth
* can be of three types
  - the basis for building community
* constitute one of the primary factors of production.
* cover land, climate, forest, water conservancy and mineral resources.
* influence where people live.
* vary from place to place.
+ Natural resource, Supply: Economics
  * Most natural resources are limited. This means they will eventually run out. A perpetual resource has a never-ending supply. Some examples of perpetual resources include solar energy, tidal energy, and wind energy.

### asset | resource | natural resource:

Renewable resource
* Most renewable resources depend on weather.
  * A problem with fossil fuels is the pollution and global warming gases they produce. Renewable resources are usually much cleaner. But they can also cost more. New technology for renewable resources is helping to make them cheaper. And now even fossil fuels are becoming harder to find and more expensive. This combination means that renewable resources are making more sense than ever, and this growing field. From 2008 to 2012, the U.S. doubled renewable generation from wind, solar, and geothermal sources, and America is now home to some of the largest wind and solar farms in the world.
* account for less than two per cent of electricity output.
* are forests which offer a variety of commercial timber
  - replenished naturally and over relatively short periods of time
  - water, arable land and forest - that can naturally be replenished
* can be sustainable if usage is limited to natural supply rates.
* replace themselves naturally or can be raised in continuous supply by people.

Nonrenewable resource
* Most nonrenewable resources exist in amounts.
* are fossil fuels, metals, other minerals, and groundwater.

Resource partitioning
* can occur even in the absence of temporal or spatial heterogeneity.
* is where the birds divide up their habitat by feeding on different organisms.

Significant resource
* ensure ability.
* have values.

Social resource
* are the most important determinant of utilization of services.
* have to do with humans interacting with other humans.