What term describes a natural resource that has been identified in terms of quantity and quality?

The term that describes a natural resource that has been identified in terms of quantity and quality is "Reserve." Reserves specifically refer to those resources that have been thoroughly assessed and are economically viable to extract under current conditions. This classification provides a reliable measure for management and economic planning, ensuring that there is a clear understanding of both the available quantity and the quality of these resources.

When resources are labeled as reserves, it indicates that detailed evaluations have been conducted, confirming that the resource can be harvested and utilized effectively. This contrasts with terms like "deposit," which may refer to a broader area containing natural resources without the same assurance regarding the feasibility or economic viability of extraction. "Supply" typically addresses the total amount available but does not necessarily convey the detailed specifications of the resource's extractability and characteristics. "Inventory" often pertains to a catalog or list of items or resources, rather than explicitly classifying natural resources based on their assessed value or potential for use.