Natural Resources
Resources providedby nature
Examples: Water, Air, Minerals, Forests
Divided into Renewable and Non-renewable
Essential for survival and development
3.
Human Resources
People andtheir knowledge, skills, and abilities
Examples: Teachers, Doctors, Engineers
Key for innovation and growth
Main driver of economic progress
4.
Capital (Man-made) Resources
Human-madetools and infrastructure
Examples: Buildings, Roads, Machines, Technology
Used to produce goods and services
Supports productivity and efficiency
5.
Entrepreneurial Resources
Individuals whoorganize other resources
Examples: Entrepreneurs, Business Leaders
Take risks and drive innovation
Essential for new businesses and economic growth
6.
Summary
Natural resources formthe base of life.
Human resources bring knowledge and skills.
Capital resources improve efficiency.
Entrepreneurial resources drive innovation.
All resources are interdependent.