How are natural resources often categorized?

Natural resources are often categorized based on their availability, which relates to how easily these resources can be accessed and utilized. This categorization considers factors such as whether a resource is renewable or non-renewable. Renewable resources, like solar energy and timber, can naturally replenish over time, while non-renewable resources, such as fossil fuels and minerals, are finite and can be depleted.

Understanding availability is crucial for resource management, policy-making, and sustainability efforts. This classification helps in making informed decisions regarding the conservation and extraction of resources, as well as in assessing the long-term viability of using specific resources in various industries.

While production costs, environmental impact, and functionality are important aspects of resource management, they do not serve as primary categories for classifying natural resources themselves. These factors might influence how resources are used or valued but do not define their core classification in terms of availability.