What is material and non- material resources?
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.
What is material and non- material resources?
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...!!!
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