What are the two types of resources?
Anything from air to gold is all resources. Let us take a look at the two broad types of resources – natural resources and man-made resources.
What are two types of capital resources?
Basic categories of capital resources include tools, equipment, buildings, and machinery. However, any good used by a business to produce other goods and services is classified as a capital resource, including mundane items such as shipping boxes, invoice forms, pens, or file cabinets.
What are 3 examples of resources?
The following are common types of resources.
- Knowledge. Knowledge such as know-how.
- Labor. The productive capacity of people.
- Land. Space for nature, living, commercial activity, agriculture and energy production.
- Natural Resources.
- Energy.
- Technology.
- Services.
- Finance.
What is the basis of classification of resources?
Resources can be classified in the following ways– (a) On the basis of origin – biotic and abiotic (b) On the basis of exhaustibility – renewable and non-renewable (c) On the basis of ownership – individual, community, national and international (d) On the basis of status of development – potential, developed stock and …
What are the main classification of resources give examples?
Abiotic resources are non-living while biotic resources are living. Soils, rocks and minerals are abiotic but plants and animals are biotic resources.
What are the types of resources class 8?
Types of Resources: There are three types of resources—Natural resources, Man-made resources and Human resources.
What is the main purpose of resources?
The main purpose of resource is to satisfify our needs.
What are the four characteristics of resources class 8?
- resources are anything which satisfied human need.
- it should be culturally acceptable.
- economically accessible.
- technology feasible.
- human can also be called as resource.