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Questions and Answers
Which of the following is a type of non-renewable natural resource?
Which of the following is a type of non-renewable natural resource?
- Fossil fuels (correct)
- Forests
- Solar energy
- Water
What is a characteristic of natural resources?
What is a characteristic of natural resources?
- They are unlimited in availability
- They are not location-specific
- They are not essential for human survival
- They can be depleted if not managed sustainably (correct)
What is a characteristic of human resources?
What is a characteristic of human resources?
- They cannot be developed through education and training
- They are limited in availability
- They can be improved through experience and skill-building (correct)
- They are not essential for economic growth and development
Which of the following is a type of intellectual human resource?
Which of the following is a type of intellectual human resource?
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Why is it important to manage natural resources carefully?
Why is it important to manage natural resources carefully?
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Study Notes
Natural Resources
- Definition: Natural resources are elements or substances that occur naturally within the environment and can be used for economic gain.
- Types:
- Renewable resources:
- Solar energy
- Wind energy
- Water
- Forests
- Non-renewable resources:
- Fossil fuels (coal, oil, gas)
- Minerals (metals, ores)
- Renewable resources:
- Characteristics:
- Limited availability
- Can be depleted if not managed sustainably
- Often location-specific
- Importance:
- Essential for human survival and economic development
- Must be managed carefully to ensure sustainability
Human Resources
- Definition: Human resources refer to the skills, abilities, and experience of individuals within an organization or economy.
- Types:
- Labor resources:
- Skilled labor
- Unskilled labor
- Intellectual resources:
- Knowledge
- Expertise
- Innovation
- Labor resources:
- Characteristics:
- Renewable and can be developed through education and training
- Can be improved through experience and skill-building
- Can be a source of competitive advantage
- Importance:
- Crucial for economic growth and development
- Essential for innovation and entrepreneurship
- Must be managed and developed effectively to optimize productivity and performance
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