Any component of the environment which has intrinsic value of its own is called as Resource. A natural resource may be defined as any material given to us by nature which can be transformed in a way that it becomes more valuable and useful. For an example wood is used for making furniture. Yarn obtained from cotton is used for weaving cloth. Likewise, various machine, tools and household goods are made of metals. Now furniture, clothes, machine, tools are more valuable than their raw form i.e. raw form i.e. wood, cotton and metal, respectively.
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