Every thing available in our environment, which can be used to satisfy our needs if it is technologically accessible, economically feasible, and culturally acceptable, is termed as resource. [Or Resources are the means available for the development of a country. These are the natural or human made materials, which help to create goods or provide services].
Its characteristics are the following:
a) It has utility: Resources can be used to make a variety of goods and services.
It satisfies human wants.
b) They are normally available in limited quantity: Most of the resources are scarce.
They are exhaustible. We have to use it wisely.
c) Can’t be used as it is: Most of the resources are in crude form. We have to put effort on it to get utility or maximum satisfaction.
d) It should be technologically accessible.