what are human and human made resources?give an example.
Answers
Explanation:
Humanized resources are items or substances that have value to human lives that do not occur in the natural world. Examples of man-made resources include plastic, paper, soda, sheet metal, rubber and brass. These contrast with natural resources, such as water, crops, sunlight, crude oil, wood and gold.
Human-made resources, also known as capital or capital resources, is material wealth created by humans that can be used to create more wealth.
Examples include money, factories, roads, and technology. natural resources are raw materials and land.
human resources are entrepreneurs and labor.
man made resources are refined raw materials that need additional value added work to become finished goods, such as raw steel, aluminum, and other commodities that are not simply taken directly out of the ground.
some might argue that capital is also a man made resource; being the plant and equipment used in the production process.
by adding capital to the equation, we have an explanation of all three scarce economic resources: land, labor and capital.