Resources

by: Renu Koli

What is a
Resource?
 Resource
Anything that can be used to satisfy a need
 There are a lot of resources is
our everyday life if we look
carefully-

Water - Quenches thirst

Rikshaw - used for transportation
Electricity - provides power
Books - used to study
Vegitables - required for preparing foof
 There are a lot of resources is
our everyday life if we look
carefully-

Water - Quenches thirst

Rikshaw - used for transportation All of these
satisfies
Electricity - provides power some needs
Books - used to study
Vegitables - required for preparing foof
 Value of
Resources
 Value of
Resources
If a particular thing has some utility or it
is useable to us then it is called resource.
 Value of
Resources
Utility or usability make an object or a
substance a resource.
Therefore, things become a resource Only when
they have some value.
Utility means how
much satisfaction we
obtain by consuming
a thing.
If something is useful
in a way

Then it has value

If it has value,
then it is a Resource
 Value = Worth

Some resources have Other resources may NOT

ECONOMIC VALUE. have economic value.
eg: Metals, Cars, eg: Beautiful
Tv, Mobile, etc. landscape.

But both are important, and both satisfy our needs.

 Can this
value
increase?
Which factors can affect the VALUE of a
resource

TIME TECHNOLOGY

They can change substances into resources that might not be

resource now but can become a resource in future.

Some resources can become economically valuable with time

 Example:
Tourism
Increases in
Bali
Most important resource - People

The ideas, Knowledge,

inventions, and
discoveries made by
people, lead to more
resources.
 Leads to the
Fire practice of cooking

leads to development of
Invention of
Newer modes of
wheel
transport
What are
Resources?
What factors
affect the value of
a resource?
What do you
mean by
Economic value ?
Patent :
Exclusive right
over any idea or
invention
 Types of
Resources
 There are THREE types of resources

Natural Human
Man- made
Renewable
Non-Renewable
 Natural Resources
Eg: Air we breath, water, soil, minerals.

Most natural resources- can be used directly.

but some require some tools or technology to use
them properly