1.1 Meanings / Short Definitions :
1. Value – Worth of substance.
2. Patent – Right over any idea or invention.
3. Resource – Substance useful in any way.
4. Technology – Application of the latest knowledge and skills .
5. Natural resource – Resource taken from nature.
6. Actual Resource – Resource used currently.
7. Potential Resource – Resource that may be useful at some time in future.
8. Abiotic Resource –Non-living resource.
9. Biotic Resource – A living resource.
10. Renewable Resource – Resources that exist in unlimited quantity.
11. Non-renewable Resource – Resources present in limited quantity.
12. Ubiquitous Resource – Resource which are found everywhere.
13. Localized Resource – Resource found in certain places.
14. Human-made Resource – Resources invented by human beings.