What Is Resource And Example?

What is resource in simple words?

The Simple English Wiktionary has a definition for: resource.

A Resource is something that can be used for a purpose.

For example, tools and materials are resources.

There are many kinds of resource: Resource (Types and Developments), any natural or human wealth that can be used for satisfying human needs..

What are examples of capital resources?

Capital resources are goods used to make other goods or provide services. Examples include machinery, tools, equipment and buildings.

What are the two types of natural resources?

In terms of the source of origin, natural resources can be divided into the following types:Biotic: these resources come from living and organic material, such as forests and animals, and include the materials that can be obtained them. … Abiotic: these resources come from non-living and non-organic material.

What is importance of resources?

Resources are important for the development of any country. For example, to generate energy, one need fossil fuels; and for industrial development, we require mineral resources. … Natural resources are getting scarce with the increasing population, so it is essential to conserve them.

What resource means?

1a : a source of supply or support : an available means —usually used in plural. b : a natural source of wealth or revenue —often used in plural.

What are the types of resources?

Types of Resources: Resources are usually classified into three types, viz. natural, human made and human resources. Natural Resource: Resources which are obtained from nature are called natural resources.

What is resource very short answer?

A resource is a source or supply from which a benefit is produced. Resources can broadly classified upon their availability—they are classified into renewable and non renewable resources. … From a human perspective a natural resource is anything obtained from the environment to satisfy human needs and wants.

What are 20 natural resources?

Natural Resources by CountryBauxite.Coal.Copper.Diamonds.Gold Lead.Iron ore.Mineral sands.Natural gas.More items…

What are the 5 types of resources?

Natural ResourcesBiotic & Abiotic. Any life form that lives within nature is a Biotic Resource, like humans, animals, plants, etc. … Renewable & Non-renewable. Renewable resources are almost all elements of nature which can renew themselves. … Potential, Developed, and Stock Resources.

What is a resource for class 8?

Resources: Anything that has some utility to satisfy our needs is known as a resource. Human beings are important resources because their ideas, knowledge and skills lead to the creation of new resources. Types of Resources: There are three types of resources—Natural resources, Man-made resources and Human resources.

What are natural resources explain with example?

Natural resources are materials from the Earth that are used to support life and meet people’s needs. Any natural substance that humans use can be considered a natural resource. Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water.