What is the definition of the word resources

From Wikipedia, the free encyclopedia

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 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.[1] From a broader biological or ecological perspective, a resource satisfies the needs of a living organism (see biological resource).[2]

The concept of resources has been developed across many established areas of work, in economics, biology and ecology, computer science, management, and human resources for example — linked to the concepts of competition, sustainability, conservation, and stewardship. In application within human society, commercial or non-commercial factors require resource allocation through resource management.

The concept of a resource can also be tied to the direction of leadership over resources, this can include the things leaders have responsibility for over the human resources, with management, help, support or direction such as in charge of a professional group, technical experts, innovative leaders, archiving expertise, academic management, association management, business management, healthcare management, military management, public administration, spiritual leadership and social networking administrator.

individuals exploit the same amount of resource per unit biomass) to absolutely size-asymmetric (the largest individuals exploit all the available resource). The degree of size asymmetry has major effects on the structure and diversity of ecological communities, e.g. in plant communities size-asymmetric competition for light has stronger effects on diversity compared with competition for soil resources. The degree of size asymmetry has major effects on the structure and diversity of ecological communities.

Economic versus biological[edit]

There are three fundamental differences between economic versus ecological views: 1) the economic resource definition is human-centered (anthropocentric) and the biological or ecological resource definition is nature-centered (biocentric or ecocentric); 2) the economic view includes desire along with necessity, whereas the biological view is about basic biological needs; and 3) economic systems are based on markets of currency exchanged for goods and services, whereas biological systems are based on natural processes of growth, maintenance, and reproduction.[1]

Computer resources[edit]

A computer resource is any physical or virtual component of limited availability within a computer or information management system. Computer resources include means for input, processing, output, communication, and storage.[3]

Natural[edit]

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 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.
  • 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.

Natural resources can be categorized on the basis of renewability:

  • Non-renewable resources are formed over very long geological periods. Minerals and fossils are included in this category. Since their rate of formation is extremely slow, they cannot be replenished, once they are depleted. Even though metals can be recycled and reused, whereas petroleum and gas cannot, they are still considered non-renewable resources.
  • Renewable resources, such as forests and fisheries, can be replenished or reproduced relatively quickly. The highest rate at which a resource can be used sustainably is the sustainable yield. Some resources, such as sunlight, air, and wind, are called perpetual resources because they are available continuously, though at a limited rate. Their quantity is not affected by human consumption. Many renewable resources can be depleted by human use, but may also be replenished, thus maintaining a flow. Some of these, such as agricultural crops, take a short time for renewal; others, such as water, take a comparatively longer time, while still others, such as forests, take even longer.

Dependent upon the speed and quantity of consumption, overconsumption can lead to depletion or total and everlasting destruction of a resource. Important examples are agricultural areas, fish and other animals, forests, healthy water and soil, cultivated and natural landscapes. Such conditionally renewable resources are sometimes classified as a third kind of resource, or as a subtype of renewable resources. Conditionally renewable resources are presently subject to excess human consumption and the only sustainable long term use of such resources is within the so-called zero ecological footprint, where in human use less than the Earth’s ecological capacity to regenerate.

Natural resources are also categorized based on distribution:

  • Ubiquitous resources are found everywhere (for example air, light, and water).
  • Localized resources are found only in certain parts of the world (for example metal ores and geothermal power).

Actual vs. potential natural resources are distinguished as follows:

  • Actual resources are those resources whose location and quantity are known and we have the technology to exploit and use them.
  • Potential resources are the ones of which we have insufficient knowledge or we do not have the technology to exploit them at present.

On the basis of ownership, resources can be classified as individual, community, national, and international.

Labour or human resources[edit]

In economics, labor or human resources refers to the human effort in the production of goods and rendering of services. Human resources can be defined in terms of skills, energy, talent, abilities, or knowledge.[4]

In a project management context, human resources are those employees responsible for undertaking the activities defined in the project plan.[5]

Capital or infrastructure[edit]

In social studies, capital refers to already-produced durable goods used in production of goods or services. In essence, capital refers to human-made resources created using knowledge and expertise based on utility or perceived value. Common examples of capital include buildings, machinery, railways, roads, and ships. As resources, capital goods may or may not be significantly consumed, though they may depreciate in the production process and they are typically of limited capacity or unavailable for use by others.

Tangible versus intangible[edit]

Whereas, tangible resources such as equipment have an actual physical existence, intangible resources such as corporate images, brands and patents, and other intellectual properties exist in abstraction.[6]

Use and sustainable development[edit]

Typically resources cannot be consumed in their original form, but rather through resource development they must be processed into more usable commodities and usable things. The demand for resources is increasing as economies develop. There are marked differences in resource distribution and associated economic inequality between regions or countries, with developed countries using more natural resources than developing countries. Sustainable development is a pattern of resource use, that aims to meet human needs while preserving the environment.[1] Sustainable development means that we should exploit our resources carefully to meet our present requirement without compromising the ability of future generations to meet their own needs. The practice of the three R’s – reduce, reuse and recycle must be followed in order to save and extend the availability of resources.

Various problems relate to the usage of resources:

  • Environmental degradation
  • Over-consumption
  • Resource curse
  • Resource depletion
  • Tragedy of the commons
  • Myth of superabundance

Various benefits can result from the wise usage of resources:

  • Economic growth
  • Ethical consumerism
  • Prosperity
  • Quality of life
  • Sustainability
  • Wealth

See also[edit]

  • Natural resource management
  • Resource-based view
  • Waste management

References[edit]

  1. ^ a b c d WanaGopa — NyawakanMiller, G.T. & S. Spoolman (2011). Living in the Environment: Principles, Connections, and Solutions (17th ed.). Belmont, CA: Brooks-Cole. ISBN 978-0-538-73534-6.
  2. ^ Ricklefs, R.E. (2005). The Economy of Nature (6th ed.). New York, NY: WH Freeman. ISBN 0-7167-8697-4.
  3. ^ Morley, D. 2010. Understanding Computers: Today and Tomorrow, 13th ed. Course Technology, Stamford, CT. ISBN 0-538-74810-9.
  4. ^ Samuelson, P.A. and W.D. Nordhaus. 2004. Economics, 18th ed. McGraw-Hill/Irwin, Boston, MA. ISBN 0-07-287205-5.
  5. ^ Hut, PM (2008-09-07). «Getting and Estimating Resource Requirements — People». Pmhut.com. Retrieved 2012-01-02.
  6. ^ Berry, John. 2004. Tangible Strategies for Intangible Assets. McGraw-Hill. ISBN 978-0071412865.

External links[edit]

  • The dictionary definition of resource at Wiktionary

re·source

 (rē′sôrs′, -zôrs′, rĭ-sôrs′, -zôrs′)

n.

1. Something that is available for use or that can be used for support or help: The local library is a valuable resource.

2. often resources An available supply, especially of money, that can be drawn on when needed.

3. The ability to deal with a difficult or troublesome situation effectively; resourcefulness: a person of resource.

4. A means that can be used to cope with a difficult situation; an expedient: needed all my intellectual resources for the exam.

5.

a. resources The total means available for economic and political development, such as mineral wealth, labor force, and armaments.

b. resources The total means available to a company for increasing production or profit, including plant, labor, and raw material; assets.

c. Such means considered individually.


[Obsolete French, from Old French, from feminine past participle of resourdre, to rise again, from Latin resurgere : re-, re- + surgere, to rise; see surge.]

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

resource

(rɪˈzɔːs; -ˈsɔːs)

n

1. capability, ingenuity, and initiative; quick-wittedness: a man of resource.

2. (often plural) a source of economic wealth, esp of a country (mineral, land, labour, etc) or business enterprise (capital, equipment, personnel, etc)

3. a supply or source of aid or support; something resorted to in time of need

4. a means of doing something; expedient

[C17: from Old French ressourse relief, from resourdre to rise again, from Latin resurgere, from re- + surgere to rise]

reˈsourceless adj

reˈsourcelessness n

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

re•source

(ˈri sɔrs, -soʊrs, -zɔrs, -zoʊrs; rɪˈsɔrs, -ˈsoʊrs, -ˈzɔrs, -ˈzoʊrs)

n.

1. a source of supply, support, or aid, esp. one that can be readily drawn upon when needed: a natural resource; a commercial resource.

2. resources, the collective wealth of a country or its means of producing wealth.

3. Usu., resources. money, or any property that can be converted into money; assets.

4. Often, resources. an available means afforded by the mind or one’s personal capabilities: to have resource against loneliness.

5. an action or measure to which one may have recourse in an emergency; expedient.

6. capability in dealing with a situation or in meeting difficulties: a woman of resource.

[1640–50; < French ressource, Old French ressourse, n. use of feminine past participle of resourdre to rise up < Latin resurgere=re- re- + surgere to rise up, lift]

Random House Kernerman Webster’s College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.

ThesaurusAntonymsRelated WordsSynonymsLegend:

Noun 1. resource - available source of wealthresource — available source of wealth; a new or reserve supply that can be drawn upon when needed

assets — anything of material value or usefulness that is owned by a person or company

bread and butter, keep, livelihood, sustenance, living, support — the financial means whereby one lives; «each child was expected to pay for their keep»; «he applied to the state for support»; «he could no longer earn his own livelihood»

ways and means — resources available to meet expenses (especially legislation for raising revenue for a government)

2. resource — a source of aid or support that may be drawn upon when needed; «the local library is a valuable resource»

asset, plus — a useful or valuable quality

recourse, refuge, resort — something or someone turned to for assistance or security; «his only recourse was the police»; «took refuge in lying»

resourcefulness — the quality of being able to cope with a difficult situation; «a man of great resourcefulness»

inner resource — a resource provided by the mind or one’s personal capabilities; «to have an inner resource against loneliness»

3. resource — the ability to deal resourcefully with unusual problems; «a man of resource»

armory, armoury, inventory — a collection of resources; «he dipped into his intellectual armory to find an answer»

Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.

resource

plural noun

1. funds, means, holdings, money, capital, wherewithal, riches, materials, assets, wealth, property They do not have the resources to feed themselves properly.

Collins Thesaurus of the English Language – Complete and Unabridged 2nd Edition. 2002 © HarperCollins Publishers 1995, 2002

resource

noun

1. That to which one turns for help when in desperation:

2. The ability and the means to meet situations effectively.Often used in plural:

3. All things, such as money, property, or goods, having economic value.Used in plural:

The American Heritage® Roget’s Thesaurus. Copyright © 2013, 2014 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Translations

مَوارِد طَبيعِيَّهمَوْرِدوَسيلَه، مَصْدَر، أموالوَسيلَه، مَلاذ، قُدْرَه

zdrojzdrojenápaditostprostředkyzásoba

ressourceresursemiddel

resurssivoimavara

resurs

erõforráskincsek

auîlindirúrræîiúrræîi; efni; forîi

資源

자원

ištekliairesursai

atjautībadabas bagātībasizdomakrājumilīdzekļi

nápaditosť

resurs

ทรัพยากร

kaynakkaynaklarzenginliklerzorlukları aşma yeteneği

nguồn lực

Collins Spanish Dictionary — Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005

Collins English/French Electronic Resource. © HarperCollins Publishers 2005

resource

Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995

resource

(rəˈzoːs) , ((American) ˈri:zo:rs) noun

1. (usually in plural) something that gives help, support etc when needed; a supply; a means. We have used up all our resources; We haven’t the resources at this school for teaching handicapped children.

2. (usually in plural) the wealth of a country, or the supply of materials etc which bring this wealth. This country is rich in natural resources.

3. the ability to find ways of solving difficulties. He is full of resource.

reˈsourceful adjective

good at finding ways of solving difficulties, problems etc.

reˈsourcefully adverbreˈsourcefulness noun

Kernerman English Multilingual Dictionary © 2006-2013 K Dictionaries Ltd.

resource

مَوْرِد zdroje ressource Mittel πόρος recurso resurssi ressource resurs risorsa 資源 자원 rijkdommen ressurs zasób recurso ресурс resurs ทรัพยากร kaynak nguồn lực 资源

Multilingual Translator © HarperCollins Publishers 2009

resource

n. recurso, medio.

English-Spanish Medical Dictionary © Farlex 2012

English-Spanish/Spanish-English Medical Dictionary Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.

Meaning Resources

What does Resources mean? Here you find 82 meanings of the word Resources. You can also add a definition of Resources yourself

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Personnel, equipment, services and supplies available, or potentially available, for assignment to incidents. Personnel and equipment are described by kind and type, e.g., ground, water, air, etc., an [..]

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  Naturally occurring concentrations or deposits of coal in the Earth’s crust, in such forms and amounts that economic extraction is currently or potentially feasible.

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Ressources

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The reserves of a valuable mineral commodity plus all other mineral deposits that may eventually become available, even those that are presumed to exist but have not yet been discovered and those that are not economically or technologically exploitable at the moment. The total mineral endowment ultimately available for extraction.

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Resources

The things needed to carry out a task or piece of work. Resources can include appropriately qualified staff, finances, suitable buildings and sufficient equipment.

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1) Personnel, equipment, services and supplies available, or potentially available, for assignment to incidents. 2) The natural resources of an area, such as timber, crass, watershed values, recreation values, and wildlife habitat.

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Economic elements applied or used in the performance of activities or to directly support cost objects. They include people, materials, supplies, equipment, technologies, and facilities. Also see: Res [..]

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Dust particles 5 microns or less in size.

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The personnel, equipment, materials, and services needed to complete tasks in a project. [D01697]

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The labor, capital, land, and entrepreneurship used by society to produce consumer satisfying goods and services. Land provides the basic raw materials—vegetation, animals, minerals, fossil fuels—th [..]

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Something (raw materials, time, personnel, information) used to help achieve an objective.

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All assets people skills information technology premises supplies and information that an organisation has to have available to use when needed in order to operate and meet its objectives.

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The labor effort, capital and operating costs, and other inputs that must be provided to execute work activities and produce work products.

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dropdown»>Word Finder Word Finder

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Guide to LEED Certification

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Case Studies

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Brand Assets

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Hardware Payments Feature Checklist Getting Started Why Vend? FAQs About About Us Careers Media Blog Contact Us Do more with Vend Vend U Retail resources & training Vend Experts Certified experts [..]

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Specials & Promotions

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Articles

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The basic kinds of resources used to produce goods and services: land or natural resources, human resources (including labor and entrepreneurship), and capital.

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Land casinos

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Newsletter/ Marketplace

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things and people available for use in reaching a goal.

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Resources

Total dollars, people, materials and facilities available for use including estimated revenues, fund transfers, and beginning fund balances.

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Resources

All those things which can be used to produce economic satisfaction.

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State-by-State Resources

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Employment Opportunities Resume Writing Interviewing Talent Acquisition Glossary

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News

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Personnel and major items of equipment, supplies, and facilities available or potentially available for assignment to incident operations and for which status is maintained. Resources are described by [..]

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Any financial, material or shared items or information required to implement or maintain academic programs or courses.

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30 day guarantee! Collector’s Corner® FREE Catalogs Email Sign up Freshwater Fish [..]

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Any substance of use to humans; renewable such as water or finite such as oil.

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Online Forms

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See Official resources.

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Accountant directory API Custom accelerated development Support

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in education, the stock or supply of materials (including staff) provided to support the effective achievement of various goals.

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Resources

Normally meaning the economy (see economy), but may also refer to build power or conentration (both also finite resources)

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Where to Buy On-line Catalog Distance Calculator Clearance Calculator Return on Investment How to weatherproof antenna connectors Knowledge Base Wireless Video Camera: AIRAYA WirelessGRID-PTZx10 Glossary of Helpful Wireless Video Camera and CCTV — Compliments of eyespyvideo.com If your browser has not taken you directly to your desired definition, [..]

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Resources

Blog

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CABLE TYPE DESIGNATION

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JRP Blog

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are the materials found in the environment that can be extracted from the environment in an economic process. There are abiotic resources (non-renewable) and biotic resources (renewable).

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Rebates

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Socially Smart Blog

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Processing times

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Materials or phenomena which can provide energy directly or via conversion.

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Resources

Available manpower, facilities, revenue, equipment, and supplies to produce requisite Health care and services.

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Natural sources from which Power is obtained.

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Energy sources produced from Primary Energy Resources, such as refined fuels or electric Power.

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Environmental reservoirs of Water related to natural Water Cycle by which Water is obtained for various purposes. This includes but is not limited to Watersheds, aquifers and springs.

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Equipment, personnel and other assets, either contracted or owned, utilized to conduct monitoring and/or response operations.

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Appointments

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Why We Are Different

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How-to’s, top-ten lists, link lists, reviews, case studies News: Reporting, commentary Humour: Parodies, images, video Controversy: Inflammatory material, rants, shock [..]

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About the Affordable Care Act

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«Resources» has the meaning given that term in ORS 411.704 (Definitions for ORS 411.141, 411.706 and 411.708). For eligibility purposes, «resources» does not include charitable con [..]

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Glossary of Terms

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Why Choose Lennox?

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Anything that both players have to utilise to gain an advantage in the game. Mana/Cores is the simplest. Cards in hand is another. Minions on field are another form. Having more resources generally me [..]

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The currency used to play any cards in the game. The word itself is very rarely used in-game, an icon is used instead.

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The raw materials and other factors of production that enter the production process or final goods and services that are desired by economic agents.

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Find answers to frequently asked questions, tips to save money on your heating and cooling bills, seasonal weather preparation articles, company blogs, videos, and much more! Browse our Resource Library »

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Quantities of oil and gas estimated to exist in naturally occurring accumulations.  A portion of the resources may be estimated to be recoverable, and another portion may be considered to be unrecove [..]

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are those quantities of petroleum (both conventional and unconventional) occurring naturally within the earth's crust and include both discovered and undiscovered accumulations.

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Resources

Refers to natural resources, such as oil and gas.

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Resources

All quantities of petroleum (recoverable and unrecoverable) naturally occurring on or within the Earth’s crust, discovered and undiscovered, plus those quantities already produced.

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Contingent and Prospective Resources, unless otherwise specified

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The volumes of hydrocarbons, expressed at 50% probability of occurrence, assessed to be technically recoverable that have not been delineated and have unknown economic viability.

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Gas resources represent all natural gas contained in a reservoir without regard to technical or economic recoverability.

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Resources

Resources are quantities of oil and natural gas estimated to exist in naturally occurring accumulations. A portion of the resources may be estimated to be recoverable and another portion may be considered unrecoverable. Resources include both discovered and undiscovered accumulations.

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Concentrations in the earth’s crust of naturally occurring liquid or gaseous hydrocarbons that can conceivably be discovered and recovered. Normal use encompasses both discovered and undiscovered resources.

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Resources which cannot be classified as reserves because of an early stage of development.

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Materials, time, money and abilities available for use that can be drawn upon for aid or to take care of a need.

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Recommended Reading How To Materials Open Studio Hours

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Jobs Research ELetters Executive Summaries White Papers Related Sites

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Resources

Include people, money, information, knowledge, skills, energy, facilities, machines, tools, equipment, technologies and techniques

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Resources

anything that is required to get the project done, people, hardware, materials, information, etc.

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Organ Donation Toolbox Transplant Resource Guide State UAGA Legislation UNOS Reports Terminology & Data References About Us

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The available material means for pursuing human goals or desired objectives. See also: factors of production

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A resource is a source or supply from which a benefit is produced. Resources can be broadly classified on the basis upon their availability they are renewable and non renewable resources. They can als [..]

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Add meaning

After reading this article you will learn about: 1. Meaning of Resource 2. Resource and Wealth 3. Some Discarded Ideas and Popular Misconceptions about Resources 4. Resource, Resistance and Neutral Stuff 5. Functional Theory of Resources 6. Dynamic Concept of Resource 7. Classification of Resources.

Meaning of Resource:

Etymologically, ‘resource’ refers to two separate words —’re’ and ‘source’ —that indicate any thing or substance that may occur unhindered many more times. The term ‘Resource’ had no special significance till the early part of the twentieth century.

Only in 1933, when the eminent professor of economics Erich W. Zimmermann promulgated his famous “Concept of Resource”, the idea became so popular that numerous articles and papers started pouring in the contemporary Economic Geographical literature. Urgent need was felt to identify the new concept as a separate and important branch of study.

Resource, popularly, signifies:

(a) A source or possibility of assistance.

(b) An expedient.

(c) Means of support.

(d) Means to attain given end.

(e) Capacity to take advantage of opportunities.

(f) That upon which one relies for aid, support or supply.

The above definitions vary markedly and fail miserably to produce any comprehensive universally accepted meaning of resource. However, after critical examinations and analyses all these meanings can be grouped into two, i.e., resources may help us if we are:

(a) Taking advantage of opportunity.

(b) Overcoming obstacles or resistances.

The first is a positive approach, the second role of resource is, surely, negative.

Resource can be subjective as well as objective. Subjective resource denotes internal re­source, objective resource is external resource.

Prof. Zimmermann’s inimitable definition runs: “The word resource does not refer to a thing or a substance but to a function which a thing or a substance may perform or to an operation in which it may take part, namely, the function or operation of attaining a given end such as satisfying a want. In other words, the word resource is an abstraction reflecting human appraisal and relating to a func­tion or operation”.

So, resource satisfies individual human wants or attains social objectives. It also refers to the positive interaction between man and nature. Man is, of course, the most important and integral part of resource creation, as he is situated in the top of the hierarchy of resource consumption. Only the satisfaction of human beings converts anything or a substance into resource.

A thing or substance is not considered as resource when it fails to give satisfaction to human beings. Proven reserves of petroleum in the midst of inaccessible terrain or in the abyss is not considered resource as they fail to yield any satisfaction to either society or individual.

Geo-thermal energy in this contemporary world is considered to be the most useful resource, but, till recently, this heat-flow was not considered as resource—because man was absolutely ignorant about its uses.

Resource must possess two important properties:

(a) Function ability, and

(b) Utility.

To define anything or substance as resource, one must critically examine whether it has the property of both utility or function ability. The presence of both utility and function ability is mandatory for resource creation. For example, a bottle of poison has function ability but it has got no utility value as food. The function ability is also the function of space and time.

The resource of yesteryears may not be considered as resource today, resource considered by one country may be considered as waste product by another country, e.g., frog is considered as delicious food in Europe while it is not edible in large sections of India. Petroleum was not considered as resource until 27th August 1859, since the world’s first commercial oil-well was dug at Titusville, Pennsylvania, U.S.A.

Resource and Wealth:

In day-to-day life, a common man often uses the terms resource and wealth for same purpose and meaning. Both the words signify the same expression. But, in economics and resource study, these words convey separate meanings.

Wealth, as stated by noted economist J. M. Keynes, “consists of all potentially exchangeable means of satisfying human wants”. So, wealth must possess Utility, Function ability, Scarcity and Transferability. But wealth is always measurable, i.e., wealth can be expressed in terms of measuring units, like rupees.

In this manner, culture cannot be considered a wealth as it cannot be expressed by any measuring unit.

On the contrary, resource may be tangible as well as intangible substances. Anything satisfying human wants can be termed resource—be it tangible or not.

Wealth is synonymous with valuables, i.e., it should be scarce while resource may be ubiquitous or abundant, e.g., sunshine, air etc.

Different properties of wealth and resource are:

Properties of Wealth and Resource

So, all wealth’s are resource but all resources are not wealth. Resource incorporates much more than wealth in a sense that culture, technology, innovative power, skill and differ­ent other aspects are included in the realm of resource.

Some Discarded Ideas and Popular Misconceptions about Resources:

Since time immemorial, consciousness about resource is a part of both individual and society. In fact, when human beings began community life to attain security and opulence- individuals started to gather wealth and power for future resource creation. For the three basic necessities of survival — food, shelter and clothing—man had no other option but to be aware about the resources.

Ever since Industrial Revolution (1760), the values, ethics, culture, community life, agrarian economy all received severe blow. New concepts of social welfare state, ultra-capitalism, eco­nomic colonialism affected human life. The increasing gap between ‘haves’ and ‘have-not’s enhanced internal social tensions. To combat this, emergence of socialism, communism again increased the differences between different schools of thought.

According to the prevailing changes in society in different era, the concept of resources had also gone through changes —in harmony with space and time.

The major popular misconceptions about resource in earlier periods were:

1. Substances or tangible things like coal, copper, petroleum etc. are resources.

2. Invisible or intangible aspects — peace, culture, wisdom, policy, decisions, knowhow, knowledge, freedom—cannot be considered as resource.

3. Only natural things or substances, freely bestowed by mother earth, can be consid­ered resource. Resource cannot be created.

4. Human populations were not considered as resource.

5. Only the quantum and magnitude of substances, not their usability or function ability and quality, were measured.

6. Resource was considered as mere ‘static’ and fixed asset, its mobility, dynamism and expansion ability was totally ignored.

7. The concept of resistance was totally unknown. So, matter full of resistance and no function ability was also considered as resource.

In pre-Zimmermann era, only tangible or material substances were considered resources. Different minerals like iron ore, copper, bauxite, different fuels like coal, petroleum etc. were considered resource while intangible things like peace, culture, wisdom, policy decisions etc., were not considered as resource.

In the words of Prof. Zimmermann: “………… Whereas less important invisible and intangible aspects – such as health, social harmony, wise policies, knowledge, freedom – are ignored, even though possibly these latter are more important than all the coal, iron, gold and silver in the world put together. In fact, resources evolve out of the dynamic interaction of all these factors”.

In those days, widespread belief was ‘Resource cannot be created’. It is a free gift of nature. Only the natural things or substances can be considered as resource. Creation, modifi­cation or extension of resource was practically unknown to that medieval world.

The role of man was grossly underestimated in earlier times. Only after the resource con­cept was introduced role of man in the overall resource creation process was clearly under­stood. In this context we can recall the legendary remarks of Prof. Zimmermann: “man’s own wisdom is his premier resource—the key resource that unlocks the universe”.

Considering resource a static or fixed asset was another misconception in those days. In reality, the potential ability of resource cannot be measured precisely, as, always, it may in­crease with improved technological advancement. Zimmermann opined that resource is as dynamic as the civilization itself.

Early geographers were totally ignorant about the property of resistance hidden within things or substances. If resourcefulness is considered as positive aspect of resource, resistance is the opposite to that of resource like assets and liabilities or profit and loss.

Resource, Resistance and Neutral Stuff:

There is a total antagonistic relationship between resource and resistance—like light and shade. This inverse relationship is the key issue in the overall scheme of resource creation. Anything or any process that restricts substance becoming resource is called neutral stuff. Fertility of soil is resource but barrenness is resistance. Rain may be considered resource but flood is resistance. In the same manner, knowledge is a key resource while ignorance is the worst type of resistance.

In this connection, the concept of neutral stuff has been introduced by Prof. Zimmermann. Anything or substance, be it tangible or intangible, should be either resource or neutral stuff. If anything or substance does not contain function ability or utility value, it is termed neutral stuff.

A neutral stuff should not necessarily remain neutral forever. What is considered neutral stuff today may transform into resource tomorrow. Man’s knowledge, wisdom and techno­logical innovation may transform neutral stuff into precious resource, e.g., petroleum was not considered resource until 1859, because man was quite ignorant about its uses while, with the development of science and technology, it is now considered as a mainstay for harnessing energy.

The process of economic development is directly proportional with the rate of conversion of neutral stuff into resource. The advancement of modern civilization is synonymous with the transformation of neutral stuff into resource.

If we peep through the windows of history, it reveals that despite having enormous amount of minerals, water resources, human resources, wealth etc., some countries could not develop themselves, while others — without having any significant minerals, water etc. —because of their technology, skill, zeal, national pride and simple endeavour were able to transform their own meagre neutral stuff into resources and ultimately witnessed meteoric rise. Bihar has about double the total resources of Japan. Yet Bihar is one of the (if not the) poorest states in India, while Japan’s development is unique!!

So, minimization of resistance is the only way to maximize resource creation.

Functional Theory of Resources:

“Resources were defined as means of attaining given ends, i.e., individual wants and social objectives. Means take their meaning from the ends which they serve. As ends change, means must change also”. This statement of Zimmermann clearly states that resource creation is a function of space and time. With increasing knowledge, function of resource may en­hance.

A primitive man may not be able to harness resource from a substance but a supra-animal modern man may, by his scientific Midas touch, transform such simple substance into a precious resource. To a man of animal level resistance plays a very dominant role—where nature poses obstacle for resource creation—but, to a modern Man, knowledge plays a key role to convert neutral stuff into resource.

The tropical Africa is well endowed with huge water resources. Due to backward economy and technological drawbacks, inhabitants of that region cannot convert it into energy. On the contrary, the Japanese were able to produce huge energy from far less water resources. This is because of scientific knowledge, expertise and greater economic development.

The advancement of civilization is the product of expansion of human information base. Information about minerals—coal, petroleum, iron ore, copper etc., about agriculture — HYV seeds, pesticides, insecticides etc., about manufacturing industry—the invention of steam en­gines, boilers, turbines, converters etc., were possible with the increasing scientific knowl­edge.

This increasing knowledge reduced the resistances of the natural things or substances and converted them to resources. So, Wesley C. Mitchell had aptly said: “Incomparably great­est among human resources is knowledge”.

So, with the efforts of man, through the functional or operational process, resource is dynamically created. Without human effort resource cannot be created because man is the ultimate consumer of resource. Without any operational process, a thing or substance remains neutral, resource cannot be created and what is created now may be enhanced or increased with increasing knowledge. So, resource creation process is highly dynamic in nature.

Dynamic Concept of Resource:

Prof. Hamilton said:

“It is technology which gives value to the neutral stuffs which it processes; and as the useful arts advance the gifts of nature are remade. With technology on the march, the emphasis of value shifts from the natural to the processed good”.

So, resource creation process is not static, it is dynamic in nature. The thing or substance considered as neutral stuff today may be converted into precious resource tomorrow. Since the beginning of civilization, Paleolithic man started devoting his limited knowledge to con­vert neutral stuff into resource for his own requirement.

With the passage of time, with in­creasing knowledge, man was able to harness more resource from same amount of stuff. Bow­man has rightly remarked: “The moment we give them human association they are as changeful as humanity itself”.

With the increasing need, man frantically explored all possibilities or avenues to expand resource base from his existing stock. So, resource creation is a continuous and need-based operation. At the present era, when the world is passing through acute energy crisis, man is exploring possibilities to produce energy from all sources —solar energy, wind energy, geothermal energy etc.

Previously ocean current was never considered as resource but, now, man is able to convert this force into energy. So, the concept of resource is dynamic and re­source study is a dynamic science.

Classification of Resources:

In general, resources are classified into two groups:

(a) Material resources, and

(b) Non-material resources.

Material resources are tangible substances, e.g., petroleum, iron ore, copper, water etc.

Non-material resources are intangible substances like health condition, culture, ethics, freedom, environmental harmony etc.

Material or tangible resources are direct, i.e., freely bestowed by nature.

Non-material or intangible resources are cultivated by human beings with the help of increasing knowledge.

Material resources may, again, be sub-divided into two groups:

(i) Organic resources like forest, fish, livestock etc.

(ii) Inorganic resources like iron ore, manganese, mica etc.

On the basis of durability, resources may be classified into two groups:

1. Fund or exhaustible resources that is, not everlasting, destroyed for ever after use, e.g., coal, petroleum, uranium etc.

2. Flow or inexhaustible resources — supply of resource remains unchanged even after renewed use, e.g., river water, sea-wave, sunshine, airflow etc.

Ownership is another parameter to classify resource.

On the basis of ownership resource may be divided into following groups:

(a) International or world resource:

Owned by global population, i.e., the total re­sources owned by all individuals and nations put together. The sum total of all material and non-material resources comes under this category.

(b) National resources:

The sum total of resources of the inhabitants of the nation and resources of the nation itself.

(c) Individual resources:

Both tangible resources, i.e., property, money, wealth, and intangible resources, i.e., knowledge, wisdom, health etc. owned by any indi­vidual is known as individual resources.

On the basis of availability of resources, it can be classified into two groups:

(a) Ubiquitous,

(b) Localized.

Ubiquitous type of raw materials are found everywhere, e.g., sunshine, air etc. while localized raw materials are available only in some places, e.g., petroleum, uranium, iron ore etc. Tabular Classification of Resources

Other forms: resources

A resource is any personal talent or outside supply that can be tapped for help or support.

Resource comes from an old French word meaning «relief» or «recovery,» which certainly ties in with the idea of a resource being something that offers necessary aid. However, the word resource also refers to the natural resources available in and on our Earth — things that we are constantly drawing on and depleting, such as our trees, ores, and atmosphere. Once such a natural resource is used up, it’s usually gone forever, and is no longer a resource.

Definitions of resource

  1. noun

    a source of aid or support that may be drawn upon when needed

    “the local library is a valuable
    resource

  2. noun

    available source of wealth; a new or reserve supply that can be drawn upon when needed

    see moresee less

    types:

    show 12 types…
    hide 12 types…
    natural resource, natural resources

    resources (actual and potential) supplied by nature

    labor resources

    resources of available manpower

    bread and butter, keep, livelihood, living, support, sustenance

    the financial means whereby one lives

    backing, financial backing, financial support, funding, support

    financial resources provided to make some project possible

    ways and means

    resources available to meet expenses (especially legislation for raising revenue for a government)

    land resources

    natural resources in the form of arable land

    mineral resources

    natural resources in the form of minerals

    renewable resource

    any natural resource (as wood or solar energy) that can be replenished naturally with the passage of time

    amenities, comforts, conveniences, creature comforts

    things that make you comfortable and at ease

    maintenance

    means of maintenance of a family or group

    meal ticket

    a source of income or livelihood

    subsistence

    minimal (or marginal) resources for subsisting

    type of:

    assets

    anything of material value or usefulness that is owned by a person or company

  3. noun

    the ability to deal resourcefully with unusual problems

    “a man of
    resource

    synonyms:

    imagination, resourcefulness

DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘resource’.
Views expressed in the examples do not represent the opinion of Vocabulary.com or its editors.
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