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Actual resources are those, that have been surveyed, their quantity and quality determined, and are being used in present times. For example, petroleum and natural gas are actively being obtained from the Mumbai High Fields. The development of an actual resource, such as wood processing depends on the technology available and the cost involved ...
Natural resources can be a substantial part of a country's wealth; [7] however, a sudden inflow of money caused by a resource extraction boom can create social problems including inflation harming other industries ("Dutch disease") and corruption, leading to inequality and underdevelopment, this is known as the "resource curse".
Natural resource management (NRM) is the management of natural resources such as land, water, soil, plants and animals, with a particular focus on how management affects the quality of life for both present and future generations (stewardship). Natural resource management deals with managing the way in which people and natural landscapes interact
Environmental resource management is an issue of increasing concern, as reflected in its prevalence in several texts influencing global sociopolitical frameworks such as the Brundtland Commission's Our Common Future, [3] which highlighted the integrated nature of the environment and international development, and the Worldwatch Institute's annual State of the World reports.
The exploitation of natural resources describes using natural resources, often non-renewable or limited, for economic growth [1] or development. [2] Environmental degradation , human insecurity, and social conflict frequently accompany natural resource exploitation.
Sustainable development is an approach to growth and human development that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs. [1] [2] The aim is to have a society where living conditions and resources meet human needs without undermining planetary integrity.
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In organizational studies, resource management is the efficient and effective development of an organization's resources when they are needed. Such resources may include the financial resources, inventory, human skills, production resources, or information technology (IT) and natural resources.