Natural resources may be regarded as a free gift of nature to the human beings for fulfilling its certain basic needs of life. According to Eric Zimmermann,"Natural resources may be defined as that part of man's physical environment on which he depends for support in obtaining the means to attain certain needs." All physical things that are found within the approach of man's activities are considered natural resources. In other words, the natural resources include all the properties of nature found on land, water, and in the air of a country given by nature as free gift.
Hence, natural resources include automatically a country's land, soil, minerals, water, climate, forests, ocean, rainfall and rivers, which play a very important role in the economic development of a country. The natural resources can be classified in two parts-real and potential. Former relate to the present resources whereas the latter include all hidden stock of resources, which are explored under a resources development program..
Hence, natural resources include automatically a country's land, soil, minerals, water, climate, forests, ocean, rainfall and rivers, which play a very important role in the economic development of a country. The natural resources can be classified in two parts-real and potential. Former relate to the present resources whereas the latter include all hidden stock of resources, which are explored under a resources development program..
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