What Are Resources? Definition, Types And Examples

In the area of ​​economics, resources are the material means that can be used for the production of goods. Human resources are the source of people’s original work to carry out an activity or project, material resources are perceptible and concrete goods that a company has to achieve its objectives, such as raw materials, facilities, tools, etc.

What are resources AND their Types

Types Of Resources:

Energetic resources

Energy resources are all those things that can be used as a source of energy, it is of utmost importance that the world or man develop new sources of energy that do not contribute to global warming and other problems, likewise, energy resources are threatened. due to demographic growth and rapid economic growth by some countries.

Economic resources

Economic resources are material or immaterial means used by human beings to satisfy their needs. The vast majority of economic resources are limited and versatile.

Natural resources

Natural resources, as their name suggests, are extracted from nature and are transformed for use in the life of human beings for their survival and well-being. Natural resources are classified as: renewable natural resources and non-renewable natural resources.

Renewable natural resources are characterized because the natural resource regenerates naturally at speeds greater than those of its consumption by humans. Likewise, renewable natural resources are not exhausted, such as: wind energy, solar energy, among others. In turn, non-renewable natural resources , known as exhaustible resources, are determined because long periods are needed for their regeneration and their use and exploration will come to an end since they are limited resources.

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