Resources WG.7

Resources  Classified as the following:  Natural resources  Human resources  Capital resources  Classified as the following:  Natural resources  Human resources  Capital resources

Resources is about… Material or source used to produce goods or accomplish activity Natural_____________

Natural Resources  Occur or produced naturally

Resources is about… Material or source used to produce goods or accomplish activity Natural_____________ Occurs or produced naturally

Natural Resources  What are some examples of natural resources?  Ex: Metals – gold, iron, copper, bauxite  Ex: Fossil fuels – coal, natural gas, oil  What are some examples of natural resources?  Ex: Metals – gold, iron, copper, bauxite  Ex: Fossil fuels – coal, natural gas, oil

Natural Resources  Renewable resources – resources that can be replenished naturally  Ex: Soil  Ex: Water  Ex: Forests (trees)  Renewable resources – resources that can be replenished naturally  Ex: Soil  Ex: Water  Ex: Forests (trees)

Resources is about… Material or source used to produce goods or accomplish activity Natural_____________ Occurs or produced naturally Renewable : replenished/reproduce. Ex: soil, trees, fossil fuels

Natural Resources  Nonrenewable resources – resources that can not be replaced  Once these resources are used, they are gone forever  Nonrenewable resources – resources that can not be replaced  Once these resources are used, they are gone forever

Resources is about… Material or source used to produce goods or accomplish activity Natural_____________ Occurs or produced naturally Renewable : replenished/reproduce. Ex: soil, trees, water Nonrenewable : can’t be replaced once used. Ex: metals, fossil fuels Natural Substances : resource that are useful to humans

Natural Resources  Natural Substance: Resource that becomes useful to humans

Resources is about… Material or source used to produce goods or accomplish activity Natural_____________ Occurs or produced naturally Renewable : replenished/reproduce. Ex: soil, trees, water Nonrenewable : can’t be replaced once used. Ex: metals, fossil fuels Natural Substances : resource that are useful to humans

Human Resources  Human resources = a person providing labor or a service  Includes his/her skills and/or abilities  Human resources = a person providing labor or a service  Includes his/her skills and/or abilities

Resources is about… Material or source used to produce goods or accomplish activity NaturalHuman_____________ Occurs or produced naturally person provides labor & service. –skills & abilities Renewable : replenished/reproduce. Ex: soil, trees, water Nonrenewable : can’t be replaced once used. Ex: metals, fossil fuels Natural Substances : resource that are useful to humans

Human Resources  What are some examples of human resources?  Level of education - # of years of schooling/training  Skilled and unskilled laborers – training, or lack of, in a skill  Entrepreneurial and managerial abilities – human skills & abilities for own personal business; ability & skills to manage other workers  What are some examples of human resources?  Level of education - # of years of schooling/training  Skilled and unskilled laborers – training, or lack of, in a skill  Entrepreneurial and managerial abilities – human skills & abilities for own personal business; ability & skills to manage other workers

Resources is about… Material or source used to produce goods or accomplish activity NaturalHuman_____________ Occurs or produced naturally Person provides labor & service. –skills & abilities Renewable : replenished/reproduce. Ex: soil, trees, water Level of education Nonrenewable : can’t be replaced once used. Ex: metals, fossil fuels Skilled & unskilled laborers Natural Substances : resource that are useful to humans Entrepreneurial & management skills

Capital Resources  Capital Resource = any asset used to produce a good or service

Resources is about… Material or source used to produce goods or accomplish activity NaturalHumanCapital Occurs or produced naturally Person provides labor & service. –skills & abilities Any asset used to produce a good or service Renewable : replenished/reproduce. Ex: soil, trees, water Level of education Nonrenewable : can’t be replaced once used. Ex: metals, fossil fuels Skilled & unskilled laborers Natural Substances : resource that are useful to humans Entrepreneurial & management skills

Capital Resources  What are examples of capital resources?  Ex: Money  invest and loan  Ex: Infrastructure  communication, road systems, health services, energy production, waste disposal, utilities, food distribution, water treatment  Ex: Equipment  tools, machines, and technologies  What are examples of capital resources?  Ex: Money  invest and loan  Ex: Infrastructure  communication, road systems, health services, energy production, waste disposal, utilities, food distribution, water treatment  Ex: Equipment  tools, machines, and technologies

Resources is about… Material or source used to produce goods or accomplish activity NaturalHumanCapital Occurs or produced naturally Person provides labor & service. –skills & abilities Any asset used to produce a good or service Renewable : replenished/reproduce. Ex: soil, trees, water Level of education Money -Invest or loan $$ Nonrenewable : can’t be replaced once used. Ex: metals, fossil fuels Skilled & unskilled laborers Infrastructure -Roads, communication, health, energy, etc. Natural Substances : resource that are useful to humans Entrepreneurial & management skills Equipment -Tools, machines, technology

SO WHAT?  What’s important to understand about this???  Why is it important to know about resources?  What is the importance of resources?  What’s important to understand about this???  Why is it important to know about resources?  What is the importance of resources?

Resources  The location of resources influences economic activity and patterns of land use  Need more land for agriculture than for manufacturing  Land uses must be compatible with each other  Ex: residential areas not well-suited with landfills  The location of resources influences economic activity and patterns of land use  Need more land for agriculture than for manufacturing  Land uses must be compatible with each other  Ex: residential areas not well-suited with landfills

Resources  What are some natural resources in our area?

Resources  What is more abundant in our community – natural, human, or capital