Why is it essential to have resource planning ? Explain with reasons.
Development of resources or resource development implies not only exploitation, but also preservation and reuse. In case of natural resources, at the time of using them, their nature, type and the size of their reserve should be considered. These should not be used indiscriminately. Therefore, an equitable distribution of resources is necessary for a sustained quality of life and global peace. The resources must not be put to wrong use. This may lead to their depletion. Some resources like coal and petroleum are available in limited quantity. If they are continued to be used at the present rate, they would not be left for the future generations. Accumulation of resources in a few hands has also restricted equitable access to the resources. Thus, in view of above factors resource planning is necessary.
