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Resources
A resource is defined as anything natural or physical that can be harnessed to create wealth or improve
the standard of living of people.
Resources- may be classified into two large groups- Human and Physical.
Human Resources
Human resources include the skills, talents and abilities which individuals possess. The skills of these
people are used to produce a wide variety of goods and services which help to maintain and improve the
standard of living.
The two major reasons for developing the human resources of a country are: