1. What is resource ? 2. …

Resource: Anything which has some utility for us is called a resource. Some resources have economic value, while some do not. For example; milk has economic value, but a beautiful landscape has no economic value. But both are important because both satisfy some human needs.

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. Some of the natural resources can be used directly, while for using some others we need the help of some technologies.

Human Made Resources

When a natural resource undergoes drastic change by human intervention, it becomes human-made resource. For example; iron ore is processed to make steel and hence steel is a man-made resource. Buildings, bridges, railways, machines, etc. are examples of human-made resources. Technology is also a human-made resource.

Human Resources

People are the human resources. Education and health improve the quality of human resources. Improving the quality of people’s skills to enable them to create more resources is called human resource development.