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<center>For lessons on the [[topic]] of '''Resources''', follow [https://nordan.daynal.org/wiki/index.php?title=Category:Resources '''''this link'''''].</center>

<center>For lessons on the [[topic]] of '''Resources''', follow [https://nordan.daynal.org/wiki/index.php?title=Category:Resources '''''this link'''''].</center>

==Characteristics of resources==

==Characteristics of resources==

Resources have three main characteristics: utility, [[quantity]] (often in terms of availability), and use in producing other resources. However, this definition is not accepted by some, for example [http://en.wikipedia.org/wiki/Deep_ecology deep ecologists] who believe that non-human elements are independent of human [[values]].

Resources have three main characteristics: utility, [[quantity]] (often in terms of availability), and use in producing other resources. However, this definition is not accepted by some, for example [https://en.wikipedia.org/wiki/Deep_ecology deep ecologists] who believe that non-human elements are independent of human [[values]].

The [[quantity]] of a resource refers to the total amount of a given raw material, rather than reserve, which is an [[economic]] term. Bottlenecks may form, making some resources unavailable, producing supply shocks. Resource prices are prone to increases as speculators add commodity [[value]] to a resource or when [[risk]], such as from geopolitical issues, are seen as an [[influencing]] factor in [[relation]] to the [[security]] of resource supply.

The [[quantity]] of a resource refers to the total amount of a given raw material, rather than reserve, which is an [[economic]] term. Bottlenecks may form, making some resources unavailable, producing supply shocks. Resource prices are prone to increases as speculators add commodity [[value]] to a resource or when [[risk]], such as from geopolitical issues, are seen as an [[influencing]] factor in [[relation]] to the [[security]] of resource supply.