1. Resources and their Significance SOL 7

2. Resources
The sum total of assets that determine if a country is rich or poor.
Resources are either
Natural- found in nature
Human- produced by man
Capital-money

4. RESOURCES:

5. Natural Resources
Renewable and Nonrenewable

6. RENEWABLE RESOURCES:
Renewable resources are those which can be regenerated.
Example:

8. NON-RENEWABLE RESOURCES:
Non renewable resources are those which cannot be regenerated once they are exhausted.
Examples: mineral elements, coal, oil & natural gas.

9. Human Resources:
A human resource is a person providing labor or service and includes his/her skills and abilities.
Examples-
Level of education
Skilled or unskilled labor
Entrepreneurial or managerial abilities

10. Capital Resources:
-A capital resource is generally accepted as any asset used to produce a good or service
Examples-
MONEY-needed for investment in the construction of new businesses, etc. And to loan to people to build new homes
Equipment- tools, machines, and technologies (computers, etc)
Infrastructure (next slide)

11. Infrastructure: Basic support system that helps keep a country running
For example: schools, hospitals, roads, sewage system, trash collection, airports

12. Number 1-15 on a sheet of paper
Resources Quiz
Number 1-15 on a sheet of paper

13. 1. A. Human, B. Capital, C. Natural

14. 2. A. Human, B. Capital, C. Natural
Two possible answers

15. 3. A. Human, B. Capital, C. Natural

16. 4. A. Human, B. Capital, C. Natural
A diamond.

17. 5. A. Human, B. Capital, C. Natural

18. 6. A. Human, B. Capital, C. Natural

19. 7. A. Human, B. Capital, C. Natural

20. 8. A. Human, B. Capital, C. Natural

21. 9. A. Human, B. Capital, C. Natural

22. 10. A. Human, B. Capital, C. Natural
Oil Well (two possible answers)

23. 11. A. Human, B. Capital, C. Natural

24. 12. A. Human, B. Capital, C. Natural

25. 13. A. Human, B. Capital, C. Natural.

26. 14. A. Human, B. Capital, C. Natural.
Wall Street
Stock Exchange

27. 15. A. Human, B. Capital, C. Natural.
Lump of coal

28. Resources Quiz Answers

29. A. Human, B. Capital, C. Natural

30. A. Human, B. Capital, C. Natural
Two possible answers

31. A. Human, B. Capital, C. Natural

32. A. Human, B. Capital, C. Natural
A diamond.

33. A. Human, B. Capital, C. Natural

34. A. Human, B. Capital, C. Natural

35. A. Human, B. Capital, C. Natural

36. A. Human, B. Capital, C. Natural
Laborers

37. A. Human, B. Capital, C. Natural

38. A. Human, B. Capital, C. Natural
Oil Well (two possible answers)

39. A. Human, B. Capital, C. Natural

40. A. Human, B. Capital, C. Natural

41. A. Human, B. Capital, C. Natural.

42. A. Human, B. Capital, C. Natural.
Wall Street
Stock Exchange

43. A. Human, B. Capital, C. Natural.
Lump of coal

44. Levels of Economic Activity

45. Primary (first level) Dealing directly with resources fishing
farming ( number 1 occupation in the world)
forestry
mining

46. Secondary (second level)
Manufacturing and processing
steel mills
automobile assembly
sawmills
food processing

47. Tertiary (third level)
Services
transportation
retail sales
information systems
professionals

48. SECONDARY ACTIVITY LEVELS: PRIMARY ACTIVITY LEVELS:
Think of the “ripple effect” and how the first ripple (primary) affects the rest of the ripples
TERTIARY ACTIVITY LEVELS: These are jobs or activities that serve others - sometimes even selling or maintaining products from the secondary level: salesperson truck driver banker/ lawyer
SECONDARY ACTIVITY LEVELS:
These industries use the raw materials in production of a greater value
handcrafts furniture manufactured goods
PRIMARY ACTIVITY LEVELS:
These activities or occupations depend on natural resources for production farming fishing lumber

49. Complete the table Primary (First) Secondary (Second) Tertiary (Third)
Tomato farmer

50. Complete the table Primary (First) Secondary (Second) Tertiary (Third)
Tomato farmer
Pizza
Sauce

51. Selling pizza in a restaurant
Complete the table
Primary
(First)
Secondary
(Second)
Tertiary
(Third)
Tomato farmer
Pizza
Sauce
Selling pizza in a restaurant

52. Complete the table Primary (First) Secondary (Second) Tertiary (Third)
Cotton farmer

53. Complete the table Primary (First) Secondary (Second) Tertiary (Third)
Cotton farmer
Textile manufacturer

54. Complete the table Primary (First) Secondary (Second) Tertiary (Third)
Cotton farmer
Textile manufacturer
Selling t-shirts

55. Complete the table Primary (First) Secondary (Second) Tertiary (Third)
Fisherman
Canned tuna, salmon
Fish sticks
Restaurants
Kroger

56. Complete the table Primary (First) Secondary (Second) Tertiary (Third)
Drilling for oil

57. Complete the table Tomato farmer Worker makes tomato sauce
Employee in Pizza Restaurant
Cotton Farmer grows cotton
Textile Manufacturer makes a shirt
Salesperson makes sale in the Gap
Fisherman catches fish
Person Processes fish filets
Fish sold in restaurant
Worker operates oil well
Oil is refined to make gasoline
Gasoline is purchased at a service station