Material and Non-Material Resources

There are two types of resources - material and non-material. Material resources are those that can be touched, seen, and felt, while non-material resources are those that cannot be touched, seen, or felt.

Material Resources

Material resources are those that have a physical existence and can be touched, seen, and felt. They are tangible and can be used to create other products or services. Some examples of material resources are:

1. Natural Resources - These are resources that come from nature, like water, air, land, forests, and minerals.

2. Human Resources - These are resources that come from people, like skills, knowledge, and labor.

3. Capital Resources - These are resources that are used to produce other goods and services, like machines, tools, and equipment.

Non-Material Resources

Non-material resources are those that do not have a physical existence and cannot be touched, seen, or felt. They are intangible and can be used to create other products or services. Some examples of non-material resources are:

1. Intellectual Property - These are resources that come from ideas, like patents, trademarks, copyrights, and trade secrets.

2. Brand Reputation - This is a resource that comes from a company's reputation, like its name, logo, and image.

3. Information - This is a resource that comes from knowledge and data, like research, statistics, and market analysis.

Conclusion

In conclusion, material and non-material resources are both essential for the production of goods and services. Material resources are tangible and physical, while non-material resources are intangible and intellectual. A business needs to manage both types of resources effectively to achieve success.

Material resources are the one which have physically apperance in the world n used for fullfilling the needs n desires of humans.eg; Wood , water ,n Iron etc.non material resources consists of thoughts and beliefs n values which may used for human devlopment.Hope it will help u...!!!