Resources WG.7. Resources Classified as the following: Natural resources Human resources Capital...
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Resources is about… Material or source used to produce goods or accomplish activity Natural_____________
Transcript of Resources WG.7. Resources Classified as the following: Natural resources Human resources Capital...
ResourcesWG.7
Resources
Classified as the following:Natural resourcesHuman resourcesCapital resources
Resources is about…
Material or source used to produce goods or accomplish activity
Natural _____________ _____________
• • •
• • •
• • •
• • •
Natural Resources
Occur or produced naturally
Resources is about…
Material or source used to produce goods or accomplish activity
Natural _____________ _____________
• Occurs or produced naturally
• •
• • •
• • •
• • •
Natural Resources
What are some examples of natural resources?Ex: Metals – gold, iron, copper, bauxiteEx: Fossil fuels – coal, natural gas, oil
Natural Resources
Renewable resources – resources that can be replenished naturallyEx: SoilEx: WaterEx: Forests (trees)
Resources is about…
Material or source used to produce goods or accomplish activity
Natural _____________ _____________
• Occurs or produced naturally
• •
• Renewable: replenished/reproduce. Ex: soil, trees, fossil fuels
• •
• • •
• • •
Natural Resources
Nonrenewable resources – resources that can not be replacedOnce these resources are used, they are gone forever
Resources is about…
Material or source used to produce goods or accomplish activity
Natural _____________ _____________
• Occurs or produced naturally
• •
• Renewable: replenished/reproduce. Ex: soil, trees, water
• •
• Nonrenewable: can’t be replaced once used. Ex: metals, fossil fuels
• •
• Natural Substances: resource that are useful to humans
• •
Natural Resources
Natural Substance: Resource that becomes useful to humans
Resources is about…
Material or source used to produce goods or accomplish activity
Natural _____________ _____________• Occurs or produced
naturally• •
• Renewable: replenished/reproduce. Ex: soil, trees, water
• •
• Nonrenewable: can’t be replaced once used. Ex: metals, fossil fuels
• •
• Natural Substances: resource that are useful to humans
• •
Human Resources
Human resources = a person providing labor or a serviceIncludes his/her skills and/or abilities
Resources is about…
Material or source used to produce goods or accomplish activity
Natural Human _____________• Occurs or produced
naturally• person provides labor &
service. –skills & abilities•
• Renewable: replenished/reproduce. Ex: soil, trees, water
• •
• Nonrenewable: can’t be replaced once used. Ex: metals, fossil fuels
• •
• Natural Substances: resource that are useful to humans
• •
Human Resources
What are some examples of human resources?Level of education - # of years of schooling/trainingSkilled and unskilled laborers – training, or lack of, in a
skillEntrepreneurial and managerial abilities – human skills &
abilities for own personal business; ability & skills to manage other workers
Resources is about…
Material or source used to produce goods or accomplish activity
Natural Human _____________• Occurs or produced
naturally• Person provides labor &
service. –skills & abilities•
• Renewable: replenished/reproduce. Ex: soil, trees, water
• Level of education •
• Nonrenewable: can’t be replaced once used. Ex: metals, fossil fuels
• Skilled & unskilled laborers
•
• Natural Substances: resource that are useful to humans
• Entrepreneurial & management skills
•
Capital Resources
Capital Resource = any asset used to produce a good or service
Resources is about…
Material or source used to produce goods or accomplish activity
Natural Human Capital• Occurs or produced
naturally• Person provides labor &
service. –skills & abilities• Any asset used to produce
a good or service • Renewable:
replenished/reproduce. Ex: soil, trees, water
• Level of education •
• Nonrenewable: can’t be replaced once used. Ex: metals, fossil fuels
• Skilled & unskilled laborers
•
• Natural Substances: resource that are useful to humans
• Entrepreneurial & management skills
•
Capital Resources
What are examples of capital resources?Ex: Money
invest and loan Ex: Infrastructure
communication, road systems, health services, energy production, waste disposal, utilities, food distribution, water treatment
Ex: Equipmenttools, machines, and technologies
Resources is about…
Material or source used to produce goods or accomplish activity
Natural Human Capital• Occurs or produced
naturally• Person provides labor &
service. –skills & abilities• Any asset used to produce
a good or service • Renewable:
replenished/reproduce. Ex: soil, trees, water
• Level of education • Money -Invest or loan $$
• Nonrenewable: can’t be replaced once used. Ex: metals, fossil fuels
• Skilled & unskilled laborers
• Infrastructure -Roads, communication, health, energy, etc.
• Natural Substances: resource that are useful to humans
• Entrepreneurial & management skills
• Equipment -Tools, machines, technology
SO WHAT?
What’s important to understand about this???Why is it important to know about resources?What is the importance of resources?
Resources
The location of resources influences economic activity and patterns of land useNeed more land for agriculture than for manufacturingLand uses must be compatible with each other
Ex: residential areas not well-suited with landfills
Resources
What are some natural resources in our area?
Resources
What is more abundant in our community – natural, human, or capital
