Question

write a short essay on cubas abundance of natural resources such as land, labour, capital or energy resources?

Answer 1

Various natural resources are defined -

(i) Land:

It refers to all natural resources which are free gifts of nature. Land, therefore, includes all gifts of nature available to mankind—both on the surface and under the surface, e.g., soil, rivers, waters, forests, mountains, mines, deserts, seas, climate, rains, air, sun, etc.

(ii) Labour:

Human efforts done mentally or physically with the aim of earning income is known as labour. Thus, labour is a physical or mental effort of human being in the process of production. The compensation given to labourers in return for their productive work is called wages (or compensation of employees).

Land is a passive factor whereas labour is an active factor of production. Actually, it is labour which in cooperation with land makes production possible.

(iii) Capital:

All man-made goods which are used for further production of wealth are included in capital. Thus, it is man-made material source of production. Alternatively, all man-made aids to production, which are not consumed/or their own sake, are termed as capital.

Energy resources are all forms of fuels used in the modern world, either for heating, generation of electrical energy, or for other forms of energy conversion processes. Energy resources can be roughly classified in three categories: renewable, fossil, and nuclear.

Fossil energy resources are obtained from dead plant and animal deposits created over the long history of the planet. These resources are vast, but limited, and are not renewable. Until recently fossil fuels have provided for the majority of humanity’s energy demands. These resources mainly include coal, oil, and natural gas.

Renewable energy resources are forms of energy that are naturally replenished on our planet. Examples of traditional renewable resources are hydropower and biomass (e.g., plant fuels such as wood traditionally have been used throughout history, mostly for heating). Modern renewable resources include wind, wave, tidal, solar, and geothermal. Some forms of fuels created from biomass (plants and animals) also fall under this category.

Deposits of certain radioactive elements in Earth’s crust can be classified as nuclear energy resources. These resources are used as fuel for nuclear fission-based power plants. The amount of these rare radioactive elements is limited on our planet and cannot be replenished. Over the years, there has been some research on fusion power but it is still not proven to be a feasible energy resource. This form of energy conversion aims to harvest the energy from sustained fusion of hydrogen atoms into helium