COMPARING THE USE OF NATURAL RESOURCES IN USA , CHINA , EUROPE AND IRAQ Introduction Natural resources can be termed as natural endowment of a nation . It is what occurs naturally within a defined geographical region which can be considered valuable in the form that it is found or in their natural form . The value of natural resources is taken in terms of the quantity of the resource available and level of demand of that resource . Any naturally occurring commodity should be taken as a natural resource when its usefulness revolves around extraction , purification and exploration for meaningful purposes . In this regard some activities related to natural resources like mining , oil drilling and refinery , fishing , and others will naturally be taken as natural resource exploitation while other like agriculture may not taken in such context . According to the United States Geology survey (1999 ) natural resources should include minerals , energy , land , water and biota . Natural resource can be renewable and nonrenewable . Renewable resources include those naturally occurring resource which cannot be exhausted despite the level of exploitation for example , hydroelectric power , solar power , wind power ,and others . Non renewable resources include those resources that occur in fixed quantity and cannot be regenerated upon exhaustion . These resources cannot be regenerated while others will take a very long time to renew . They include resource like fossil fuel , minerals , and others .Endowment in natural resources has long been considered by economists as comparative advantage for nations . Full exploration of natural resource has been source of economic…