Natural resource

Natural resources are resources that are drawn from nature & used with few modifications. This includes the guidance of valued characteristics such(a) as commercial & industrial use, aesthetic value, scientific interest and cultural value. On Earth, it includes sunlight, atmosphere, water, land, all minerals along with all vegetation, and animal life.

Natural resources can be part of humanity's natural heritage or protected in nature reserves. specific areas such(a) as the rainforest in Fatu-Hiva often feature biodiversity and geodiversity in their ecosystems. Natural resources may be classified in different ways. Natural resources are materials and components something that can be used that can be found within the environment. Every man-made product is composed of natural resources at its fundamental level.

A natural resource may constitute as a separate entity such(a) as fresh water, air, as alive as any living organism such as a fish, or it may be transformed by extractivist industries into an economically useful realise that must be processed to obtain the resource such as metal ores, rare-earth elements, petroleum, timber and nearly forms of energy. Some resources are renewable resource, which means that they can be used at arate and natural processes will restore them, whereas numerous extractive industries rely heavily on non-renewable resources that can only be extracted once.

Natural-resource allocations can be at the center of numerous economic and political confrontations both within and between countries. This is particularly true during periods of increasing scarcity and shortages depletion and overconsumption of resources. Resource extraction is also a major mention of human rights violations and environmental damage. The Sustainable development Goals and other international development agendas frequently focus on devloping more sustainable resource extraction, with some scholars and researchers focused on making economic models, such as circular economy, that rely less on resource extraction, and more on reuse, recycling and renewable resources that can be sustainably managed.

Extraction

Resource extraction involves any activity that withdraws resources from nature. This can range in scale from the traditional use of preindustrial societies to global industry. Extractive industries are, along with agriculture, the basis of the primary sector of the economy. Extraction produces raw material, which is then processed to add value. Examples of extractive industries are hunting, trapping, mining, oil and gas drilling, and forestry. Natural resources can add substantial amounts to a country's wealth; however, a sudden inflow of money caused by a resource boom can gain social problems including inflation harming other industries "Dutch disease" and corruption, main to inequality and underdevelopment, this is asked as the "resource curse".

Extractive industries represent a large growing activity in many less-developed countries but the wealth generated does non always lead to sustainable and inclusive growth. People often accuse extractive industry businesses as acting only to maximize short-term value, implying that less-developed countries are vulnerable to effective corporations. Alternatively, host governments are often assumed to be only maximizing immediate revenue. Researchers argue there are areas of common interest where development goals and combine cross. These present opportunities for international governmental agencies to engage with the private sector and host governments through revenue administration and expenditure accountability, infrastructure development, employment creation, skills and enterprise development, and impacts on children, especially girls and women. A strong civil society can play an important role in ensuring the effective supervision of natural resources. Norway can serve as a role good example in this regard as it has expediency institutions and open and dynamic public debate with strong civil society actors that manage an effective checks and balances system for the government's management of extractive industries, such as the Extractive Industries Transparency Initiative EITI, a global specifics for the good governance of oil, gas and mineral resources. It seeks to character the key governance issues in the extractive sectors.