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1. NATURAL RESOURES
Renewable: resources that are available in infinite quantity and can be used
repeatedly are called renewable resources. Example: forest, wind, water, etc.
Non-Renewable: resources that are limited in abundance due to their non-
renewable nature and whose availability may run out in the future are called non-
renewable resources. Example include fossil fuel, minerals, etc.
2. ECONOMIC RESOURCES:
The phrase ‘Economic Resources’ means “the natural, human and capital resources that are
used to produce goods and services. It is also called factors of production.”
They are generally land, labor, and capital; the three groups of resources that are used to make
all goods and services.
LAND: Land constitutes natural resources such as water or metal. The natural
environment
NAME: AHSAN MIRZA
ROLL NO: CE21107
COURSE CODE: AR-309
ASSIGNMENT OF TOWN PLANNING
MISS RABIA
Example: Oil and metal are example of non-renewable resources.
LABOUR: under labour we classify human resources. Human resources do not only contribute
to the production of goods but also play an essential role in offering services.
CAPITAL: Capital resources are resources that contribute to the production process of other
goods. Hence, economic capital is different from financial capital.