What Are The Basic Resources Of Business?

What are the 3 most important resources?

Top 10+ Natural Resources in the WorldWater.

While the earth may be mostly water, only about 2-1/2 percent of it is freshwater.

Air.

Clean air is necessary for the existence of life on this planet.

Coal.

Coal is estimated to be able to last less than 200 more years.

Oil.

Natural gas.

Phosphorus.

Bauxite.

Copper.More items….

What are the 5 resources?

List the Top 5 Natural ResourcesWater. ••• Without a doubt, water is the most abundant resource on the planet. … Oil. ••• Oil is one of the most valuable natural resources in the world, and one of the most essential to our modern way of life. … Coal. ••• Coal is still the most efficient type of fuel for heat generation. … Forests. ••• … Iron. •••

What are the three resources?

Natural Resources, Human Resources, and Capital Resources are the three types of economic resources, and they are also referred to as “factors of production”.

What are the major types of resources?

Types of Resources: 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.

What are the 5 types of resources?

Natural ResourcesBiotic & Abiotic. Any life form that lives within nature is a Biotic Resource, like humans, animals, plants, etc. … Renewable & Non-renewable. Renewable resources are almost all elements of nature which can renew themselves. … Potential, Developed, and Stock Resources.

What are the four resources of a business?

There are four categories of resources, or factors of production:Natural resources (land)Labor (human capital)Capital (machinery, factories, equipment)Entrepreneurship.

What are the 3 business resources?

Four Types of Business ResourcesPhysical Resources.Human Resources.Intellectual Resources.Financial Resources.

What natural resources will run out first?

Here are six already under severe pressure from current rates of consumption:Water. Freshwater only makes 2.5% of the total volume of the world’s water, which is about 35 million km3. … Oil. The fear of reaching peak oil continues to haunt the oil industry. … Natural gas. … Phosphorus. … Coal. … Rare earth elements.

What called resources?

A resource is a source or supply from which a benefit is produced and that has some utility. … Resources can broadly be classified upon their availability — they are classified into renewable and non-renewable resources.

What is the best natural resource?

Top 11 Natural ResourcesWater. Like soil, water is one of the most important natural resources for the existence of life.Soil. … Timber. … Salt. … Oil. … Natural Gas. … Coal. … Iron. … More items…•

What are material resources in business?

Material resources are tangible goods different from human resources, that the company can use to achieve its goals. Examples of material resources: Real estate. Machinery. Computers and office equipment.

What are the 6 business resources?

The resources you need to start a business can be broken into five broad categories: financial, human, educational, emotional and physical resources.Financial Resources: Funding. … Human Resources: Employees. … Educational Resources: Industry Know How. … Physical Resources: Premises and Equipment.More items…

What are 20 natural resources?

Natural Resources by CountryBauxite.Coal.Copper.Diamonds.Gold Lead.Iron ore.Mineral sands.Natural gas.More items…

What business resources are most important?

Human capital, also referred to as “talent” or “employees” was often the highest rated resource among those in the survey. Respondents frequently highlighted management and technical employees as especially important. Access to funding or finance is made up of sources of debt and equity capital.

What are the 2 types of resources?

A resource is a physical material that humans need and value such as land, air, and water. Resources are characterized as renewable or nonrenewable; a renewable resource can replenish itself at the rate it is used, while a nonrenewable resource has a limited supply.

Which is the most important resource?

Human resourceHuman resource is considered to be the most significant resource of a country, which directly contributes to the countries economy with its productivity.

What country is richest in natural resources?

The third country on the list is Canada. … Saudi Arabia is a small country in the Middle East and is slightly larger than Mexico. … China tops the list for having the most natural resources estimated to be worth $23 trillion.More items…•