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CSIR NET EXAM » CSIR UGC-NET Exam Study Materials » Earth Sciences » Economic Resources
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Economic Resources

The scientific field of economic geology examines the distribution of mineral resources, the financial factors that are engaged in their recovery, and an evaluation of the reserves that are now available.

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The extraction of several earth minerals is done for either commercial or industrial reasons. For example, many precious gems and metals (such as diamonds and copper) are mined so that they can be fashioned into jewellery or used in the production of electronic components. Economic geology is the field that examines rocks and minerals that have economic value.

The study of metal ores, fossil fuels such as petroleum, natural gas, and coal, as well as other resources of commercial importance like salt, gypsum and building stone are all included in the scope of economic geology. It makes use of the concepts and procedures of a number of different subfields within the geological sciences, the most important of which being geophysical, structural geology, as well as stratigraphy. The primary goal of this organisation is to provide direction for the search for mineral resources and to assist in identifying deposits that would be economically beneficial to extract. In many cases, experts in economic geology are also involved in the process of extracting the various mineral commodities.

Responsible Development of Natural Resources

Earth’s resources provide the vital foundation upon which a nation’s economy and the well-being of its population are built. Their exploitation is a crucial aspect in the economic growth and development of the nation, but it is also one that has the potential to have serious adverse effects on the environment and the socio-economic system. As a result, it is essential to have an understanding of their beginnings, where they occur, and how they are exploited with regard to the preservation of the environment. The human society has benefited from the exploitation of earth’s resources, namely during the industrial age when there was a significant increase in the efficiency with which energy was used. A few of these natural resource (both renewable and nonrenewable) include oil and gas, coal, water, metal ore, wind, air, etc., while their techniques of exploitation include surface mining and mining processes that take place below the surface. In light of this, the geological perspectives of earth resources refer to the origin and occurrence of these earth resources, whereas the engineering perspectives of earth resources refer to the processes involved in the extraction (mining), processing and exploitation of the resources. An increase in the effectiveness with which resources are put to use is required in order to satisfy the prerequisite for sustainable development. The expenses of mining, transporting and refining earth’s resources, as well as the environmental repercussions of doing so are consequently often the primary concerns linked with earth’s resources. The supply, demand and distribution of earth’s resources are all topics that are discussed in the economics of earth’s resources.

Continued use of Natural Resources

Human activity that degrades ecosystems and reduces their capacity to provide natural resources and ecosystem services in the future will have far-reaching and permanent effects. This may have a detrimental impact on the availability of food, raise the dangers of health hazards and natural disasters and possibly even more. Ecosystems that have been degraded may take a long time to recover, or they may never recover naturally again after human activity has ceased to threaten them. If the ecosystems that supply these resources are allowed to deteriorate, then the access of natural resources like food, clean air, as well as other ecosystem services may be negatively impacted for extended periods of time. This may be the case if the ecosystems are allowed to deteriorate. For instance, the greenhouse gas emissions may impact the worldwide climate for centuries; introduced species as well as diseases may cause irreparable damage to ecosystems; the non-sustainable yield of fishery resources as well as forests might very well end up leaving these processes deteriorated for centuries or even result to their irrevocable as well as permanent degradation; and the overfishing of oceans and deforestation of land may leave us with fewer resources than we had in the past. Because of the scarcity of natural resources, it is now generally acknowledged that there must be a shift toward harvesting practises that are more environmentally friendly. However, the road that should be taken and the speed that should be achieved throughout this shift are the subjects of a continuous discussion.

Geosciences

The study of the Earth is referred to as geoscience, which is also sometimes called earth science. The field of geoscience investigates not only rocks and volcanoes, but also the processes that build and shape the surface of the Earth, the natural resources that we make use of, and the ways in which water and ecosystems are connected to one another. The area of geoscience makes use of tools and methods from a variety of other scientific disciplines, including chemistry, physics, biology, and even mathematics!Minerals, soils, energy resources, fossils, seas and freshwater, the atmosphere, weather, ecological biology and chemistry, environmental disasters, and a variety of other topics are all subjects that geoscientists research and work with. They even investigate rocks that are found on other planets in the solar system and on our moon.

Conclusion

Geologists spend time outdoors, in laboratories, and in front of computers in their pursuit of a deeper knowledge of Earth. Studying the Earth, gaining knowledge from it, and trying to anticipate what the future will bring are all ways that geoscientists contribute to the preservation of the planet. They conduct environmental studies and evaluations as well as research on global environmental systems. They investigate the locations of water, mineral, and power sources. They forecast the occurrence of geological calamities. In addition to that, they offer guidance on significant construction endeavours.The study of geology encompasses a wide variety of subfields, all of which fall under its umbrella name. These disciplines, such as volcanology and sedimentology, concentrate on a more particular facet of Earth or the solar system and make use of components derived from mathematics as well as the other sciences.

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What exactly is meant by the term "geosciences"?

Answer. The study of the Earth is referred to as geoscience, ...Read full

What are some of the advantages of studying geology?

Answer. Geology investigates some of the most pressing concer...Read full

Why is it so vital to examine what happened on Earth in its past?

Answer. We need a better understanding of these in terms of t...Read full

What outcomes might we anticipate if we continue to use natural resources?

Answer. Plants, like trees, provide us with food and the oxyg...Read full

In the field of geology, what exactly are natural resources?

Answer. The majority of the ways in which we live our lives a...Read full

Answer. The study of the Earth is referred to as geoscience, which is also sometimes called earth science. The field of geoscience investigates not only rocks and volcanoes, but also the processes that build and shape the surface of the Earth, the natural resources that we make use of, and the ways in which water and ecosystems are connected to one another.

Answer. Geology investigates some of the most pressing concerns facing modern society, such as the availability of renewable energy sources and their long-term viability, climate change, the negative effects of human activity on the natural world, water management, mineral resource management, and natural hazards.

Answer. We need a better understanding of these in terms of the factors that contribute to them, the rates at which they occur, and the effects both on the long and short periods. The history of Earth permits us to understand changes that no human being has ever witnessed, and to relate such changes to those that have occurred more recently in Earth’s history.

Answer. Plants, like trees, provide us with food and the oxygen we need to live and if there were no more plants in the world, people and animals would perish from starvation and suffocation. As per to New Scientist, oxygen would continue to be present in the atmosphere for quite some time; however, we would run out of food far before we would run out of air.

Answer. The majority of the ways in which we live our lives are dependent on nonrenewable resources that are derived from the earth, such as fossil fuels, coal, metals, sand, and gravel.

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