what are the different types of resources? discuss
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Air, water, food, plants, animals, minerals, metals, and everything else that exists in nature and has utility to mankind is a 'Resource'. The value of each such resource depends on its utility and other factors.
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These resources, called productive resources, are often classified into three groups: natural resources, human resources, and capital resources. Natural resources(often called land) refer to resources such as coal, water, trees, and land itself. Raw materials used in production come from natural resources.
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