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Contents

   



(Top)
 


1 Definition of size asymmetry  





2 Economic versus biological  





3 Computer resources  





4 Natural  





5 Labour or human resources  





6 Capital or infrastructure  





7 Tangible versus intangible  





8 Use and sustainable development  





9 See also  





10 References  





11 Further reading  





12 External links  














Resource






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From Wikipedia, the free encyclopedia
 

(Redirected from Economic resources)

Resource refers to all the materials available in our environment which are technologically accessible, economically feasible and culturally sustainable and help us to satisfy our needs and wants. Resources can broadly be classified according to their availability as renewable or national and international resources. An item may become a resource with technology. The benefits of resource utilization may include increased wealth, proper functioning of a system, or enhanced well. From a human perspective, a regular resource is anything to satisfy human needs and wants.[1][2]

The concept of resources has been developed across many established areas of work, in computer science, management, and human resources for example - linked to the concepts of competition, sustainability, conservation, and stewardship. In application within human society, commercial or non-commercial factors require management]].

The concept of resources can also be tied to the direction of leadership over resources; this may include human resources issues, for which leaders are responsible, in managing, supporting, or directing those matters and the resulting necessary actions. For example, in the cases of professional groups, innovative leaders and technical expertsinarchiving expertise, academic management, association management, business management, management, administration management, public administration, spiritual leadership and social administration.

Definition of size asymmetry

[edit]

Resource competition can vary from completely symmetric (all individuals receive the same amount of resources, irrespective of their size, known also as scramble competition) to perfectly size symmetric (all individuals exploit the same amount of resource per unit biomass) to absolutely size asymmetric (the largest individuals exploit all the available resource).

Economic versus biological

[edit]

There are three fundamental differences between economic versus ecological views: 1) the economic resource definition is human-centered (anthropocentric) and the biological or ecological resource definition is nature-centered (biocentricorecocentric); 2) the economic view includes desire along with necessity, whereas the biological view is about basic biological needs; and 3) economic systems are based on markets of currency exchanged for goods and services, whereas biological systems are based on natural processes of growth, maintenance, and reproduction.[1]

Computer resources

[edit]
Diagram of computer resources

Acomputer resource is any physical or virtual component of limited availability within a computerorinformation management system. Computer resources include means for input, processing, output, communication, and storage.[3]

Natural

[edit]
Underground water, a natural resource, seen here coming out of a pipe in Himachal Pradesh, India

Natural resources are derived from the environment. Many natural resources are essential for human survival, while others are used to satisfy human desire. Conservation is the management of natural resources with the goal of sustainability. Natural resources may be further classified in different ways.[1]

Resources can be categorized based on origin:

Natural resources are also categorized based on the stage of development:

Various fossil fuels, a nonrenewable resource - oil, coal, and natural gas

Natural resources can be categorized based on renewability:

Depending upon the speed and quantity of consumption, overconsumption can lead to depletion or the total and everlasting destruction of a resource. Important examples are agricultural areas, fish and other animals, forests, healthy water and soil, cultivated and natural landscapes. Such conditionally renewable resources are sometimes classified as a third kind of resource or as a subtype of renewable resources. Conditionally renewable resources are presently subject to excess human consumption and the only sustainable long-term use of such resources is within the so-called zero ecological footprint, where humans use less than the Earth's ecological capacity to regenerate.

Natural resources are also categorized based on distribution:

Actual vs. potential natural resources are distinguished as follows:

Based on ownership, resources can be classified as individual, community, national, and international.

Labour or human resources

[edit]
The 2018 OCHCO Human Capital Conference

In economics, labor or human resources refers to the human effort in the production of goods and rendering of services. Human resources can be defined in terms of skills, energy, talent, abilities, or knowledge.[4]

In a project management context, human resources are those employees responsible for undertaking the activities defined in the project plan.[5]

Capital or infrastructure

[edit]

Ineconomics, capital goodsorcapital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services.[6] A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year."[7] Capitals are the most important economic resource.

Tangible versus intangible

[edit]

Whereas, tangible resources such as equipment have an actual physical existence, intangible resources such as corporate images, brands and patents, and other intellectual properties exist in abstraction.[8]

Use and sustainable development

[edit]

Typically resources cannot be consumed in their original form, but rather through resource development they must be processed into more usable commodities and usable things. The demand for resources is increasing as economies develop. There are marked differences in resource distribution and associated economic inequality between regions or countries, with developed countries using more natural resources than developing countries. Sustainable development is a pattern of resource use, that aims to meet human needs while preserving the environment.[1] Sustainable development means that we should exploit our resources carefully to meet our present requirement without compromising the ability of future generations to meet their own needs. The practice of the three R's – reduce, reuse, and recycle must be followed to save and extend the availability of resources.

Various problems are related to the usage of resources:

Various benefits can result from the wise usage of resources:

See also

[edit]

References

[edit]
  1. ^ a b c d WanaGopa - NyawakanMiller, G.T. & S. Spoolman (2011). Living in the Environment: Principles, Connections, and Solutions (17th ed.). Belmont, CA: Brooks-Cole. ISBN 978-0-538-73534-6.
  • ^ Ricklefs, R.E. (2005). The Economy of Nature (6th ed.). New York, NY: WH Freeman. ISBN 0-7167-8697-4.
  • ^ Morley, D. 2010. Understanding Computers: Today and Tomorrow, 13th ed. Course Technology, Stamford, CT. ISBN 0-538-74810-9.
  • ^ Samuelson, P.A. and W.D. Nordhaus. 2004. Economics, 18th ed. McGraw-Hill/Irwin, Boston, MA. ISBN 0-07-287205-5.
  • ^ Hut, PM (2008-09-07). "Getting and Estimating Resource Requirements - People". Pmhut.com. Retrieved 2012-01-02.
  • ^ Samuelson, Paul A., and Nordhaus, William D. (2001), 17th ed. Economics, p. 270. McGraw-Hill.
  • ^ Samuelson, Paul A., and Nordhaus, William D.(2001), 17th ed. Economics, p. 442. McGraw-Hill.
  • ^ Berry, John. 2004. Tangible Strategies for Intangible Assets. McGraw-Hill. ISBN 978-0071412865.
  • Further reading

    [edit]
    [edit]
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