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Question

What are the different types of resources?


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Solution

Resources.

  1. A resource seems to be something that might have been utilized to generate earnings as well as advantages, such as a supplier, production, as well as support.
  2. Natural sources of prosperity or attributes that improve people's lives are frequently referred to as resources.
  3. Something in our surroundings that may be exploited to accomplish our needs is considered a resource, provided it is technically accessible, economically feasible, as well as psychologically suitable.

Types of resources.

There are two types of resources, such as:

  1. Natural resources: Natural resources constitute Earth's materials that have been utilized to sustain life as well as fulfill the community's requirements. A natural resource would be any organic substance that is exploited by people. Example: Gasoline, coal, natural gas, metallurgy, stones, and sand
  2. Man-made resources: Items as well as substances with monetary worth that don't exist in nature. Example: Plastic, paper, rubber, etc.

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