Q2. What do you mean by resources.?
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A resource is something that can be used for making profits or benefits, whether that be a source, supply, or support. Resources are often natural sources of wealth or features to improve quality of life.
Resources are essential elements of a business, including land, capital, material, machines, time, energy, manpower, management, knowledge, expertise, and information.
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Anything available in our environment that can be used to fulfil our desires is recognized as a resource, given that it is technically accessible, economically viable, and culturally appropriate.
Resources – Classification
The main 2 broad classifications of resources are
Natural Resource
Human Resource.
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