Difference between resource and wealth
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Resources - Resources are the natural things found in nature. Resources are the thing that a man gets for his use. Example- Oil, Petroleum etc.
Wealth - Wealth means money that a man earns. A man earns wealth and gets different resources for his use.
Wealth - Wealth means money that a man earns. A man earns wealth and gets different resources for his use.
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Resources and wealth:
Explanation:
- All of the items in our environment that assist us to meet our needs and desires are referred to as resources. Renewable and non-renewable resources are the two types of resources that can be roughly categorized based on their availability.
- The abundance of valuable financial assets or physical possessions that can be turned into a form that can be used for transactions is referred to as wealth. This includes the primary meaning of the Old English term weal, which is derived from an Indo-European word stem.
- Natural resources are things that can be discovered in nature. A man's resources are the things he receives for his use. Oil, petroleum, and other similar terms are examples. A man's wealth is defined as the money he makes.
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