MEANINGS / DEFINITIONS :
Value – Worth of substance .
Patent – Right over any idea or invention .
Resource – Substance useful in any way .
Technology – Application of the latest knowledge and skills .
Natural resource – Resource taken from nature .
Actual Resource – Resource used currently .
Potential Resource – Resource that may be useful at some time in future .
Abiotic Resource –Non-living resource .
Biotic Resource – A living resource .
Renewable Resource – Resources that exist in unlimited quantity .
Non-renewable Resource – Resources present in limited quantity .
Ubiquitous Resource – Resource which are found everywhere
Localized Resource – Resource found in certain places .
Human-made Resource – Resources invented by human beings .
Sustainable − can be maintained for a long time
Potential − hidden capacity
Ubiquitous − found everwhere
Localised − found only within the surrounding
Classified −put into groups
Utility − usefulness