Question

State any two elements which affect physical resources.

Hint:

Physical resources depend on raw material supply, infrastructure, and technology.

Answer 1

Step 1: Meaning of physical resources.
Physical resources include tangible assets like land, buildings, machinery, raw materials, and infrastructure required for production.
Step 2: Elements affecting physical resources.
1. Availability of raw materials: The production process depends on the continuous and timely availability of raw materials.
If supply is irregular, production is disrupted.
2. Condition of infrastructure: Efficient use of physical resources depends on infrastructure like power supply, transport, and communication. Poor infrastructure lowers productivity.
Step 3: Other influencing factors.
- Technological development.
- Government regulations and policies.
- Environmental and climatic conditions.
Step 4: Conclusion.
Thus, the availability of raw materials and infrastructure are two major elements that directly affect physical resources.