Natural Resources and Their Types

Study Notes

Definition: Natural resources are naturally occurring substances or materials that are valuable or useful to humans.
Types of Natural Resources:
1. Renewable Resources:
  - Solar energy
  - Wind energy
  - Water
  - Forests
  - Fisheries
2. Non-Renewable Resources:
  - Fossil fuels (coal, oil, natural gas)
  - Minerals (iron, copper, gold)
  - Land
Characteristics of Natural Resources:
- Scarce
- Limited availability
- Can be depleted if not managed sustainably
Importance of Natural Resources:
- Essential for human survival and economic development
- Provide energy, food, and raw materials for industries

Definition: Human resources refer to the skills, abilities, and knowledge of individuals that contribute to the productivity and success of an organization.
Types of Human Resources:
1. Knowledge Workers:
  - Professionals with specialized skills and expertise (e.g., doctors, engineers)
2. Service Workers:
  - Individuals providing customer service, sales, and other support functions
3. Skilled Labor:
  - Tradespeople with specialized training (e.g., electricians, plumbers)
Characteristics of Human Resources:
- Can be developed and improved through education and training
- Dynamic and adaptable to changing circumstances
- Crucial for innovation and competitiveness
Importance of Human Resources:
- Drive business success and economic growth
- Enhance productivity and efficiency
- Key to innovation and competitiveness

Natural resources are naturally occurring substances or materials that are valuable or useful to humans.
There are two types of natural resources: renewable and non-renewable.
Renewable resources include:
- Solar energy
- Wind energy
- Water
- Forests
- Fisheries
Non-renewable resources include:
- Fossil fuels (coal, oil, natural gas)
- Minerals (iron, copper, gold)
- Land
Natural resources are scarce, have limited availability, and can be depleted if not managed sustainably.
They are essential for human survival and economic development, providing energy, food, and raw materials for industries.

Human resources refer to the skills, abilities, and knowledge of individuals that contribute to the productivity and success of an organization.
There are three types of human resources:
- Knowledge workers, e.g., professionals with specialized skills and expertise (e.g., doctors, engineers)
- Service workers, e.g., individuals providing customer service, sales, and other support functions
- Skilled labor, e.g., tradespeople with specialized training (e.g., electricians, plumbers)
Human resources can be developed and improved through education and training.
They are dynamic and adaptable to changing circumstances.
Human resources are crucial for innovation and competitiveness.
They drive business success and economic growth, enhancing productivity and efficiency.
They are key to innovation and competitiveness.