Resources. Resources Resources The sum total of assets that determine if a country is rich or poor.

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Presentation transcript:

Resources

Resources The sum total of assets that determine if a country is rich or poor.

Resources 3 types of resources natural human capital

Resources Resources are: Natural found in nature

Natural Resources Renewable – forests, soil, water, solar, wind (do not run out) Non-renewable – Fossil fuels – oil, natural gas, coal Metals – bauxite, copper, gold, iron Run out

Resources Resources are Human produced by man (labor & intelligence)

Human Resources Level of education Skilled & unskilled laborers Entrepreneurial abilities – own your own business or invest money in someone else’s business.

Resources The products, goods, and money found in a country. Resources are Capital The products, goods, and money found in a country. Capital means money or man-made products.

Capital Resources Amount of Money for investment Availability of tools and machinery Level of infrastructure

Resource Activity: Bracelet Making To reinforce the concepts of the three kinds of resources, we will be making bracelets. While doing this activity, consider what each resource would be.

Resources Gallery Walk For each picture, choose between (H) Human (C) Capital (N) Natural

Answers

Human, Capital, Natural

Human, Capital, Natural Two possible answers

Human, Capital, Natural

. Human, Capital, Natural A diamond.

Human, Capital, Natural

Human, Capital, Natural

Human, Capital, Natural

Human, Capital, Natural Laborers

Human, Capital, Natural

Human, Capital, Natural Oil Well (two possible answers)

Human, Capital, Natural

Human, Capital, Natural

Human, Capital, Natural.

Human, Capital, Natural. Wall Street Stock Exchange

Human, Capital, Natural. Lump of coal

Natural - Human - Capital -