Define resource in three points?
Answers
Explanation:
Things which we use in our surroundings when satisfies or completes our needs are called resources. Things become resources when they have a value. A resource gains it's value by how it used or their utility.
Answer:
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.
Natural Resources, Human Resources, and Capital Resources are the three types of economic resources.
Natural Resources
Natural resources are defined as everything in the universe that is not created by human beings.
Air, sunlight, forests, earth, water and minerals are all classified as natural resources, as are all manner of natural forces or opportunities that are not created by people.
Human Resources
To make the gifts of nature satisfy our needs and desires, human beings must do something with the natural resources; they must exert themselves, and this human exertion in production is called labor.
Capital Resources
When some of the wealth is used to produce more wealth, economists refer to it as capital.