Natural resource

Natural resources are resources that are drawn from nature in addition to used with few modifications. This includes the rule 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 factor 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 necessary level.

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

Natural-resource allocations can be at the center of many economic and political confrontations both within and between countries. This is especially true during periods of increasing scarcity and shortages depletion and overconsumption of resources. Resource extraction is also a major character of human rights violations and environmental damage. The Sustainable development Goals and other international development agendas frequently focus on creating more sustainable resource extraction, with some scholars and researchers focused on creating 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 score social problems including inflation harming other industries "Dutch disease" and corruption, leading to inequality and underdevelopment, this is known as the "resource curse".

Extractive industries make up 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 powerful 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 corporation cross. These shown 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, particularly girls and women. A strong civil society can play an important role in ensuring the effective management of natural resources. Norway can serve as a role proceeds example in this regard as it has value institutions and open and dynamic public debate with strong civil society actors that dispense an powerful checks and balances system for the government's management of extractive industries, such as the Extractive Industries Transparency Initiative EITI, a global specifications for the good governance of oil, gas and mineral resources. It seeks to quotation the key governance issues in the extractive sectors.