Write the Differences Between Actual and Potential Resources
By Balaji
Updated on: February 17th, 2023
The difference between actual and potential resources lies in whether these resources can be used in the present or not. Actual resources are those whose quantity is known and which are now in use. Potential resources are those that already exist in a specific area but are useful in the future. The exact amount and consistency of the resource are unknown.
Table of content
-
1. Differences Between Actual and Potential Resources
Differences Between Actual and Potential Resources
Actual resources are those whose quantity is known and in use. It includes coal, water, and gasoline. At present, they are being used.
Potential resources exist in a specific area and have future utility. The future use of technology is conceivable as it develops.
Following are the Differences Between Actual and Potential Resources:
| Actual Resources | Potential Resources |
| A resource that we use is available is actual resources. | A potential resource is not currently being utilized. |
| In the past, an actual resource could have been a potential resource. It might happen in the future. | A potential resource may become useful and useful in the future. |
| Accessible technology is required to use these resources. | It is possible to use these resources in the future if technology advances. |
| An actual resource’s exact supply is known. | The total amount of a potential resource may be unknown. |
| Examples include Coal, water, trees, petrol, mines, and Ladakh’s uranium resources. | Examples include coal reserves and Mineral oil. |
Related Questions:
- Write Five Examples of Actual and Potential Resources.
- What was the Objective of Simon Commission? Why was it Opposed in India?
- Write the Difference Between Disguised Unemployment and Seasonal Unemployment
- Write the Difference Between Horizontal and Vertical Power Sharing in Modern Democracies
- Write the Difference Between Market and Non-Market Activities
- Explain How Water Becomes a Renewable Resource
- What is the Blue Water Policy?
