2. Resources

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

4. Resources
3 types of resources
natural
human
capital

5. Resources
Resources are:
Natural
found in nature

6. 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

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

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

9. 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.

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

12. 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.

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

14. Answers

15. Human, Capital, Natural

16. Human, Capital, Natural
Two possible answers

17. Human, Capital, Natural

18. . Human, Capital, Natural
A diamond.

19. Human, Capital, Natural

20. Human, Capital, Natural

21. Human, Capital, Natural

22. Human, Capital, Natural
Laborers

23. Human, Capital, Natural

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

25. Human, Capital, Natural

26. Human, Capital, Natural

27. Human, Capital, Natural.

28. Human, Capital, Natural.
Wall Street
Stock Exchange

29. Human, Capital, Natural.
Lump of coal

30. Natural -
Human -
Capital -