Table of Contents
Resource refers to all the materials available in our environment which help us to satisfy our needs and wants. Resources can broadly be classified upon their availability — they are classified into renewable and non-renewable resources. An item becomes a resource with time and developing technology.
What is resource answer in very short?
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 is resource simple?
1a : a source of supply or support : an available means —usually used in plural. b : a natural source of wealth or revenue —often used in plural. c : a natural feature or phenomenon that enhances the quality of human life.
What is called a resource?
A resource is a physical material that humans need and value such as land, air, and water. Resources are characterized as renewable or nonrenewable; a renewable resource can replenish itself at the rate it is used, while a nonrenewable resource has a limited supply.
What is resource and example?
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 is resource and its types?
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’. There are two most important factors that can turn any substance into a resource- time and technology.
What is resource short answer 10?
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 are 3 types of resources?
Classical economics recognizes three categories of resources, also referred to as factors of production: land, labor, and capital.
What is the example of resources?
Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water. Animals, birds, fish and plants are natural resources as well. Natural resources are used to make food, fuel and raw materials for the production of goods.
What are the three main types of resources?
Resources are usually classified into three types, viz. natural, human made and human resources.
What are the 4 types of resources?
There are four categories of resources, or factors of production: Natural resources (land) Labor (human capital) Capital (machinery, factories, equipment) Entrepreneurship.
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.
What is importance of resources?
Resources are important for us as we utilise them to satisfy our wants. Many minerals like iron, copper, mica etc. are used in industries for manufacturing various goods. Minerals like coal and petroleum are used for the generation of electricity. Natural resources like water and air are indispensable for human life.
What is a sentence for resource?
Resource sentence example. His astounding energy and resource curbed all his enemies during his lifetime, but they were content to wait patiently for his death, well aware that the collapse of his empire would immediately follow. Your local newspaper can be a resource too.
What is HR example?
Human-resources meaning Human resources are defined as the people employed by a company or the department in a company in charge of hiring, training, benefits and records. An example of human resources is the department you would speak with to get more information about employee benefits.
Is time a resource?
Time is the most valuable asset you have. It’s a non-renewable resource you can never get back.
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 five resources?
Water. Like soil, water is one of the most important natural resources for the existence of life. Soil. Timber. Salt. Oil. Natural Gas. Coal. Iron.
What is resource classification?
The resources are classified according to their maturity with regard to development and production. Source: Norwegian Petroleum Directorate. The classification system has three classes: reserves, contingent resources and undiscovered resources. Sub-classes (resource classes) are defined by maturity.
What is resource planning class 10th?
Resource planning is the skills or methods implemented for proper and judicious utilization of resources. It is a complex method that involves identifying the resources along with then places where they are available, and then coming up with a plan to use the available resources in the best possible ways.
What is a resource class 8?
Resources: Anything that has some utility to satisfy our needs is known as a resource. Human beings are important resources because their ideas, knowledge and skills lead to the creation of new resources. Types of Resources: There are three types of resources—Natural resources, Man-made resources and Human resources.
What is the importance of resource class 10th?
Resources are important for the development of any country. For example, fossil fuels are essential to generate energy, mineral resources are important for industrial development, etc.
What are the two major types of human resources?
Answer: The two types of human resources are- The business centered and strategical focused HR leader. 1. Core HR Technology:- its includes Payroll, Time and attendance, Workforce management (WM), Employee communications, Benefits administration,Human resources information system.
What are different types of resources?
Different Types of Resources Natural resources. Human resources. Environmental resources. Mineral resources. Water resources. Vegetation resources.
What are free resources?
FREE RESOURCE: A resource that can be used to produce consumer-satisfying goods and services without imposing an opportunity cost on society by preventing the production or consumption of other consumer-satisfying goods or services. Production using free resources often results in free goods.
What is the best example of using resources wisely?
As so, in order to prevent future lacks, we have to use our finite resources wisely, so our children can use it too. One good example is potable water. Imagine this probable scenario: within a few years, rivers will be so polluted, that there will not be enough water in the planet so satisfy our demand.
