We should conserve our resources so that we can live life to the fullest. Think of it like this: you and three friends are stranded on a small island. You have enough food for all four of you to survive for a week if you conserve the food and eat a specific portion each day.
If one of your friends eats double their share each day, they’ll run out of food halfway through the week. Then, they’ll start poaching the rest of the food. This is what happens when we run out of a specific resource. Tuna and other desirable fish are often overfished, so other species of fish have to be used instead. The orange roughy, for example, is a fish that was once considered unfit to eat since it had a really gross name.
There is a huge correlation between economic growth and the natural resources that a country possesses. Simply put, without natural resources such as oil and coal, most of the industries in the world will shut down and the production will be stopped.
This will impact other areas such as business and trade greatly, hence resulting in an economic decline. On the other hand, presence of natural resources in abundance can be linked with economic growth in the sense that it would increase trade. Hence, the greater the natural resources that which a country possess, the better the economic growth can be.
In my opinion, the most precious natural resource is the sunlight. This is a natural resource that is renewable, which means that it won't get degraded with time. For as long as the earth is revolving around its axis, the sun will continue to provide the sunlight which could very well be used for solar power.
This solar power can, in turn, be used to supply electricity to households and to small industries. Apart from renewable energy resources, coal is the most precious natural resource in the domain of non-renewable energy resources both in terms of its cost and power output.
Having natural resources is not the key to becoming a rich country. There are various other factors that determine whether the economy of a country would grow or not. Frankly speaking, even Pakistan has huge reserves of oil in its Balochistan state. However, neither Africa nor Pakistan uses its natural resources very efficiently.
This is the prime reason why there is a lack of trade in natural resources from these areas, which again prevents their economy from rising above a little. This is the main reason why Africa is still so under-developed despite being very rich in its natural resources.
Nationalizing the natural resources especially the non-renewable natural resources such as oil and coal might look like a beneficial move at the surface. This could be beneficial for everyone other than the very small group of business tycoons who happen to extract great wealth from natural resources without returning the wealth to the country from where the natural resources came from in the first place.
However, countries that start receiving revenue from the nationalized natural resources are not very likely to get a good amount of revenue from the taxes as a total percentage of the government’s yearly revenue.
One interesting fact about natural resources is that there are two types of natural resources. The first type refers to the non-renewable natural resources. As the name suggests, these natural resources cannot be renewed and hence there are only a limited number of reserves of these natural resources available.
These include oil, gas, and coal. The other type of natural resources are the renewable natural resources which include the wind, sunlight, and water. These can be reused over and over again without depleting some reserves where they come from. Did you know? The United States owns the largest coal reserves in the world.
Unless the people of the world significantly change their habits, the Earth and all its inhabitants of every species will die. Every year there is a day designated as Earth Overshoot Day. It is predicted to be the day when humans have used up their allowance of natural resources that the Earth can replenish in one year.
The resources included are clean air and water, soil, carbon sequestration, etc. According to the Global Footprint Network, August 2 was Earth Overshoot Day for 2017. Of course it came earlier than 2016. What it mean theoretically is that we humans used resources from August 2 to December 31 that will not be replenished.
I think that Saudi Arabia is the richest country as far as natural resources go. This is because even to this day, Saudia Arabia contains very big reserves of oil and gas. Perhaps, this is what makes Saudia Arabia so rich. After all, almost all of the world runs on oil and gaseous fuels.
Talk about industries, vehicles, and power grids, they all burn natural resources so as to produce the power that is required to carry out processes. Without oil and gas, our industries would simply shut off. This makes Saudia Arabia the richest country in natural resources.
The United States is quite rich in terms of natural resources. Firstly, the United States owns a great deal of arable land. This means that ore farming can be done on these lands since these areas of land have fertile soil. Apart from that, it is also very rich in non-renewable natural resources such as crude oil, natural gas, certain minerals, and coal.
In the United States of America, there are the world’s largest coal reserves. Nearly, 27% of the entire world’s coal resources as located in the United States of America which equals to about 491 billion tons of coal.
No, humans cannot be regarded as a natural resource. Natural resources are those resources that can be used by the man to generate power in any particular form. Humans are living beings that fall under the domain of animals. The natural resources, however, include various renewable and non-renewable energy resources.
In the renewable energy category, we have the wind, sunlight, and hydroelectric power. In the non-renewable energy resources, oil, gas, and minerals such as coal, as the prime constituents. Hence, there is a big difference between humans and natural resources. In other words, natural resources are used by humans and not the other way round.