Renewable
Resource
DEFINITION
OF 'RENEWABLE RESOURCE'
A substance of
economic value that can be replaced or replenished in the same amount or less
time as it takes to draw the supply down. Some renewable
resources have essentially an endless supply, such as solar energy, wind energy
and geothermal pressure, while other resources are considered renewable even
though some time or effort must go into their renewal, such as wood, oxygen,
leather and fish. Most precious metals are considered renewable as well;
even though they are not naturally replaced, they can be recycled because
they are not destroyed during their extraction and use.
INVESTOPEDIA EXPLAINS 'RENEWABLE RESOURCE'
INVESTOPEDIA EXPLAINS 'RENEWABLE RESOURCE'
Renewable resources
have become a focal point of the environmental movement, both politically and
economically. Energy obtained from renewable resources puts much less
strain on the limited supply of fossil fuels (non-renewable
resources). The problem with using renewable resources on a large scale is
a cost problem and in most cases, more research is needed to make their
use cost-effective.
REFERENCE
REFERENCE
http://www.investopedia.com/terms/r/renewable_resource.asp
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