What do you mean by a resource?

What do you mean by a resource?

A resource is something that can be used for making profits or benefits, whether that be a source, supply, or support. Resources are often natural sources of wealth or features to improve quality of life.

What is resource in geography?

A resource is any physical material constituting part of Earth that people need and value. Natural materials become resources when humans value them. Some resources are finite, while others can be replenished at varying rates.

What is resources in short?

a source of supply, support, or aid, especially one that can be readily drawn upon when needed. resources, the collective wealth of a country or its means of producing wealth. Usually resources. money, or any property that can be converted into money; assets.

What is a resource very short answer?

Resource refers to all the materials available in our environment which help us to satisfy our needs and wants. Resources can broadly be classified upon their availability — they are classified into renewable and non-renewable resources. An item becomes a resource with time and developing technology.

What are 4 types of resources?

There are four categories of resources, or factors of production:

  • Natural resources (land)
  • Labor (human capital)
  • Capital (machinery, factories, equipment)
  • Entrepreneurship.

What are Class 10 resources?

Everything available in our environment which can be used to satisfy our needs, is called a resource. It should be technologically accessible, economically feasible and culturally acceptable. Only then, it can be termed as a ‘Resource’. Examples: minerals, forests, fossil fuels etc.

What are examples of human resources?

What are the functional areas of human resources?

  • Recruiting and staffing employees.
  • Employee benefits.
  • Employee compensation.
  • Employee and labor relations.
  • Human resources compliance.
  • Organizational structure.
  • Human resources information and payroll.
  • Employee training and development.

What is resource answer in one word?

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.