type of resources Related: Chapter 1 - Resources (Overview) - CBSE NCERT Class 8, Geography?

Question

type of resources Related:  Chapter 1 - Resources (Overview) - CBSE NCERT Class 8, Geography?

Answer

Types of Resources

Natural Resources

Natural resources refer to the resources that exist in nature and are not created by human beings. They are classified into two types:

Renewable resources: These are the resources that can be replenished naturally in a short period of time. Examples of renewable resources are sunlight, wind, water, forests, wildlife, etc.

Non-renewable resources: These are the resources that cannot be replenished naturally or take millions of years to form. Examples of non-renewable resources are coal, oil, natural gas, minerals, etc.

Human Resources

Human resources refer to the skills, knowledge, and abilities of human beings that are used to produce goods and services. They include:

Labor: This refers to the physical and mental effort put in by human beings to produce goods and services.

Entrepreneurship: This refers to the ability to organize, manage, and take risks in order to produce goods and services.

Management: This refers to the ability to plan, organize, and control resources in order to achieve organizational goals.

Capital Resources

Capital resources refer to the man-made goods that are used to produce other goods and services. They include:

Machinery and equipment: These are the tools and machines used in the production process.

Buildings and infrastructure: These include factories, warehouses, roads, bridges, etc.

Raw materials: These are the materials used to produce other goods and services.

Information Resources

Information resources refer to the knowledge and data that are used to make decisions and solve problems. They include:

Market research: This includes data on market trends, customer preferences, etc.

Answer

There are three types of resources-1)Natural resources, 2)Human resources, 3)Human- made resources

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