A Resource is something that can be used for a purpose . For example, tools and materials are resources. There are many kinds of resource: Resource (Types and Developments), any natural or human wealth that can be used for satisfying human needs.
What is resource in simple words?
A Resource is something that can be used for a purpose . For example, tools and materials are resources. There are many kinds of resource: Resource (Types and Developments), any natural or human wealth that can be used for satisfying human needs.
Whats is the meaning of resources?
A resource is something that can be used for making profits or benefits , whether that be a source, supply, or support. Resources are often natural sources of wealth or features to improve quality of life.
What is resources and example?
Resources are anything that has utility and adds value to your life . Air, water, food, plants, animals, minerals, metals, and everything else that exists in nature and has utility to mankind is a ‘Resource’. The value of each such resource depends on its utility and other factors.
What are types of resources?
Types of Resources: Resources are usually classified into three types, viz. natural, human made and human resources .
Is money a resource?
Money is not capital as economists define capital because it is not a productive resource . ... Money merely facilitates trade, but it is not in itself a productive resource. Remember, goods and services are scarce because the factors of production used to produce them are scarce.
Is time a resource?
Time is the most valuable asset you have. It’s a non-renewable resource you can never get back.
What is the example of resources?
The definition of a resource is something that is ready to use if or when it is needed. An example of resource is extra money in a savings account . An example of resource is a friend with electrical skills who has volunteered to help install a lighting fixture. An example of resource is spring water on a piece of land.
What are the 4 types of resources?
- Natural resources (land)
- Labor (human capital)
- Capital (machinery, factories, equipment)
- Entrepreneurship.
What type of word is resource?
What type of word is resources? As detailed above, ‘resources’ is a noun .
What is resource very short answer?
A resource is a source or supply from which a benefit is produced . Resources can broadly classified upon their availability—they are classified into renewable and non renewable resources.
What are Class 10 resources?
Everything available in our environment which can be used to satisfy our needs , is called a resource. It should be technologically accessible, economically feasible and culturally acceptable. Only then, it can be termed as a ‘Resource’. Examples: minerals, forests, fossil fuels etc.
What is resources in your own words?
Resource is a material which is takes from the earth for the basic needs of human beings that they value it . There are some types of resources like human resource, natural resource, human made resource,physical resource, etc.
What are the 7 types of resources?
Every technological system makes use of seven types of resources: people, information, materials, tools and machines, energy, capital, and time .
What are the 3 kinds of resources?
In economics, resources are usually divided into three categories: natural resources, human resources, and capital goods . These resources are also known as factors of production because they enable busi- nesses to produce the goods and services that consumers want.
What are the 5 resources?
- Water. ••• Without a doubt, water is the most abundant resource on the planet. ...
- Oil. ••• Oil is one of the most valuable natural resources in the world, and one of the most essential to our modern way of life. ...
- Coal. ••• ...
- Forests. ••• ...
- Iron. •••
