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29 April, 04:57

Explain the types of resources

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  1. 29 April, 05:17
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    There are mainly three types of resources: Natural, Human and Capital Resources.

    Explanation:

    Resources and their types

    Resources can be defined as the person, object or process that has proper utilization for a particular task or which adds value to the work or life. For example: water, oil and minerals, factory workers, buildings, machines and tools are resources that are used to accomplish any task or make our life more meaningful. Primarily, resources are divided into three categories

    Natural Resources

    Resources that are found naturally on Earth or been developed through natural process are known as Natural Resources such as water falls, forests, woods, oils and minerals etc.

    Human Resources

    Humans (workers or employees) that are involved in doing a task or completing a process or project are termed as Human resources that add value to a task or project targeted by companies or teams.

    Capital Resources

    The equipment, machines and buildings made by human by using natural resources are known as the Capital resources such as machines, tools, pen, ladder, dams, car etc.
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