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Meaning and Nature of
Resources
Masters In International Business
www.StudsPlanet.com
Natural Resources
• Intangible Resources – Good Health,
Knowledge
Resource does not refer to a thing or substance,
but to ...
What is a resource? (Concept)
• May be defined as “a way to achieve a given end”
• Resources may be-
1. Tangible – (toucha...
Dynamic Concept of Resource
• Resource is not static
• Resource increases in response to
1. Increased Knowledge-Learning c...
Resource as a result of interaction of
Nature-Man-Culture (Natural Resources
and Human Resources)
• Resources expand and c...
Interaction of Nature, Man and Culture
Nature
Man
Culture
www.StudsPlanet.com
Role of man in resource creation
(Natural Resources and Human
Resources)
• Resource satisfy some wants or need
Ex- Coal sa...
Wild Rubber
of Congo &
Amazon Basin
Rubber
Plantations of
Malaysia &
Indonesia
Turned into neutral stuff
With the developm...
Culture – created as a result of human
resource
• “The sum total of all devices produced by man
– with the aid, advice and...
Example-Culture
• Man’s objective-Reduce toxicity and pollution in
environment (Man’s Objective)
• Breed varieties resista...
Cultures role in over coming resistance from
nature – Culture, Human Resource and Natural
Resource Interaction
Resistance ...
Need for resource consciousness
• Resource is the basis of economic prosperity of a
nation
• Developed nations have vast r...
Need For Resource Consciousness
• Better and more efficient utilization of resources
results in the expansion of total fun...
Link Between Resources & Trade
• Resource is natural where as Trade is a creation of
mankind
• Resources may be managed ef...
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Meaning & nature of resources

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Transcript of "Meaning & nature of resources"

  1. 1. Meaning and Nature of Resources Masters In International Business www.StudsPlanet.com
  2. 2. Natural Resources • Intangible Resources – Good Health, Knowledge Resource does not refer to a thing or substance, but to a function which a thing or substance may perform to attain an end. Example-Iron Ore (mine) is a resource. Ore resources serve as raw material for Iron & Steel Industry www.StudsPlanet.com
  3. 3. What is a resource? (Concept) • May be defined as “a way to achieve a given end” • Resources may be- 1. Tangible – (touchable) 2. Intangible Tangible Resources-(material things) – Ex: Land, Forest, Coal, Machinery www.StudsPlanet.com
  4. 4. Dynamic Concept of Resource • Resource is not static • Resource increases in response to 1. Increased Knowledge-Learning curve, improved efficiency 2. Improved Arts-better ways of communication (ex-art of presentation by Power Point) 1. Expanding Sciences – Technological improvements- Ex- Information Technology 2. Changing individual wants-Life style 3. Social Objectives-Conserving Fossil Fuels, Reducing Pollution www.StudsPlanet.com
  5. 5. Resource as a result of interaction of Nature-Man-Culture (Natural Resources and Human Resources) • Resources expand and contract in response to human wants and actions • When nature, mankind and culture interact the process leads to the creation of resources. • Nature is the basis of all resources Ex-Coal is found in nature as “neutral stuff” As man discovered more about nature, he converted this to a resource through ingenuity, skill and hard work.www.StudsPlanet.com
  6. 6. Interaction of Nature, Man and Culture Nature Man Culture www.StudsPlanet.com
  7. 7. Role of man in resource creation (Natural Resources and Human Resources) • Resource satisfy some wants or need Ex- Coal satisfies need for a source of fuel • Resource is functional and is related to man • Resource becomes neutral stuff when man no longer needs the resource • Hence man can create or destroy a resource www.StudsPlanet.com
  8. 8. Wild Rubber of Congo & Amazon Basin Rubber Plantations of Malaysia & Indonesia Turned into neutral stuff With the development of www.StudsPlanet.com
  9. 9. Culture – created as a result of human resource • “The sum total of all devices produced by man – with the aid, advice and consent of nature, to advise him in the attainment of his objectives” Zimmerman www.StudsPlanet.com
  10. 10. Example-Culture • Man’s objective-Reduce toxicity and pollution in environment (Man’s Objective) • Breed varieties resistant to pest and diseases • Grow these varieties as a trail (Natures consent) • Introduce on commercial scale www.StudsPlanet.com
  11. 11. Cultures role in over coming resistance from nature – Culture, Human Resource and Natural Resource Interaction Resistance : • barren and unproductive soil • typhoons, hurricanes, floods, • poisonous insects, diseases are all natural resistance Overcoming Resistance: • Improved agricultural practices-fertilizers, water management • Crisis management • Advances in medicine All these overcome resistance www.StudsPlanet.com
  12. 12. Need for resource consciousness • Resource is the basis of economic prosperity of a nation • Developed nations have vast resources in the form of : 1. Natural 2. Human 3. Cultural resources 4. A resource conscious person seeks ways to increase the fund of his resources www.StudsPlanet.com
  13. 13. Need For Resource Consciousness • Better and more efficient utilization of resources results in the expansion of total fund of resources A ton of coal today is 1/7 the cost of coal seven years back This is due to • Better ways of using coal • Reducing wastage to a minimum Man has always been resource conscious at an individual level. However when society as a whole becomes conscious by taking care of basic resources, it provides a lasting benefit to societywww.StudsPlanet.com
  14. 14. Link Between Resources & Trade • Resource is natural where as Trade is a creation of mankind • Resources may be managed efficiently or inefficiently by man • The manner in which the resource is managed results in a country being termed as “resource rich” or “resource poor” The resultant effect is the country being “surplus” or “deficit” in a given resource. • “Surplus” “Deficit” “Consumption” “Production” result in trade www.StudsPlanet.com
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