Quick Answer: What Are The Most Valuable Resources?

Which of the following is the most important resource on the earth Trees human beings crops coal?

Answer: HUMANS.

Explanation: The most important resources on earth is of course, HUMANS..

What is a valuable resource?

We begin by reviewing the range of definitions of ‘valuable resources’ proposed in the RBV literature. To summarise this literature, a valuable resource is a resource that permits premium pricing, or enables costs to be lowered relative to competitors.

What is Earth’s most important resource?

Soil. Soil is one of the most important natural resources on Earth, being required both directly and indirectly for food production, manufacturing of industrial raw materials, and for generation of energy sources. Soil is essential for the function of ecosystems providing nutrients, oxygen, water, and heat.

Is data worth more than gold?

Data is more valuable than gold! This is not an exaggeration, but the truth. With Data Scientist salaries touching Rs 22 Lakhs/ annum, it’s safe to say that this industry is now one of the highest paying in the world.

What makes data valuable?

Data: The resource of the digital world In a study on data protection, 85 percent of 1,000 IT decision-makers surveyed said that data was as valuable as a means of payment for overcoming business challenges. 56 percent also said they used the analyzed information to determine demand.

Is data worth more than oil?

However, in today’s “data economy,” it can be argued that data, due to the insight and knowledge that can be extracted from it, is potentially more valuable. … Like oil, raw data’s value comes from its potential to be refined into an essential commodity.

Which resources are those which are likely to be used in the future?

Those resources which exist in a particular region and can be used in the future are called Potential Resources. Here we do not know the exact quantity and quality of the resource. We need advanced technology to use these resources in future.

Which resources are the most valuable resources?

Human resource is considered to be the most valuable resource, as that consists of Humans. Explanation: Humans can make use of any available resources if they have knowledge and skills. With their creative mindset, they can produce various products which would be useful for all the humans in the world.

What type of data is most valuable?

The most valuable type of data Source: PwC. “It was very interesting that 4% of our respondents said that geolocation was the most valuable type of data for them in 2019.

What makes human a valuable resource?

Human resource is valuable for our planet, because human society acts on the planetary environments (air, water, solid-rock), the animal and plants worlds, on the human society. This action is great and it will increase in further. … The consciousness of the human is the highest on the Earth.

What is conservation of resources Why is it essential?

Need for Conservation of Natural Resources Hence, these resources should be conserved to maintain ecological balance and save them for future generations. The proper management of a resource to prevent its destruction or exploitation is called conservation. To make sure human race survives.