Renewable resources are those which get renewed or replenished quickly. Some of these are unlimited and are not affected by human activities, such as solar and wind energy. Water seems to be an unlimited renewable resource.

The term “renewable” is generally applied to those energy resources and technologies whose common characteristic is that they are non-depletable or naturally replenishable. Such commercial technologies include hydroelectric power, solar energy, fuels derived from biomass, wind energy and geothermal energy.

Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water. Animals, birds, fish and plants are natural resources as well.

No resource is truly unlimited. There are abundant resources, but even abundance is always relative to patterns and intensity of use. Take water for instance – the kind we can use for cooking and drinking. Until recently, water was thought to be available in rather unlimited amounts.

Classical economics recognizes three categories of resources, also referred to as factors of production: land, labor, and capital.

resource abundance is synonymous to these terms. Natural resource abundant economies are defined as those whose resource production account for at least 40% of GDP and/or at least 8% of exports.

Natural resources are used to make food, fuel and raw materials for the production of goods. All of the food that people eat comes from plants or animals. Natural resources such as coal, natural gas and oil provide heat, light and power.

n

1. an insufficiency, shortage, or absence of something required or desired.
2. something that is required but is absent or in short supply. vb.
3. when intr, often foll by: in or for to be deficient (in) or have need (of)

Lack of resources usually means lack of time, people and/or money. A similar situation happens when talking to a CEO about the progress of Six Sigma/Lean implementation – lack of people, time and money…

Solutions: Select activities that require minimal facilities or equipment, such as walking, jogging, jumping rope or calisthenics. Identify inexpensive, convenient resources in your community, such as parks and recreation programs, worksite wellness groups, walking clubs, etc.

Monitoring Project Resources In order to avoid a resource shortage, it’s essential that you monitor your project resources throughout the project. There are several ways to do this in your project management or resource tracking software. You can: Track resource availability.