Anything that can be used to produce goods and services, such as raw materials and workers
Natural resources
Things found in the totalstock that people find useful
Total stock
All the components of the environment taken together. E.g Sun, Trees and water
Renewable resources
Resources that are unlimited or can be quickly replaced.
Non-renewableresources
Resources that are limited and cannot be replaced once they are used up
Flow Resource
Resources that are constantly being produced by nature. Cannot be damaged by humanactivity such as sunlight and wind
Waste Diversion
The process of diverting and redirectingwaste from landfills.
When Does something become a resource?
When it is useful or valuable for achieving a specific purpose.
Tragedy of the Commons
The Tragedy of the Commons is a situation where a shared resource, like a field or a pond, gets overused or damaged because everyone is only thinking about their own needs. Since no one person owns the resource, everyone uses it as much as they want, which can lead to it being used up or spoiled for everyone.
