What makes a resource into a reserve? What is the distinction between them, and what factors does it
depend on? What will be an ideal response?
Resources are concentrations of a useful commodity that may be known or unknown. A reserve is the
part of the resource that is known and can be economically recovered. There are several factors that
may make a resource into a reserve, including geographic location, the value of the commodity, the
distance of the commodity from where it will be used, the market price, and the technology available
for recovering the commodity
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