Professional Documents
Culture Documents
MODULE II
RESOURCES
Anything needed or used to satisfy
ECONOMIC RESOURCE/FACTORS OF PRODUCTION
Resource utilized to produce goods
• Commercial Forests - primary for • 1.9 million hectares designated for production (2015)
Forest Resources veneer, plywood, fiberboard, and • Main productions come from the Caraga Region
lumber dubbed the “Timber Corridor”
Classification of Resources
• Renewable resources: Renewable resources are generally living resources which can restock
• Non- renewable natural resources: Non-living renewable natural resources include soil, as well as
water, wind, tides and solar radiation, etc.
• Cyclic Resources: resources that have no final use as they can be used continuously like water
• Biotic resources: derived from animals and plants
• Abiotic resources: derived from the non-living world. Mineral and power resources
are also abiotic resources some are derived from nature.
RESOURCE CHARACTERISTICS
• UTILITY
The total satisfaction received by a consumer from consuming a good or service
• LIMITED AVAILABILITY/SCARCITY
Having people who have unlimited wants and needs in a world of limited resources. It states that society
has insufficient productive resources to fulfill all human wants and needs.
• POTENTIAL FOR DEPLETION
The exhaustion of raw materials within a region. Resource depletion is most used in reference to farming,
fishing, mining, and fossil fuels.
LABOR FORCE
• Working members of the population
MODULE III
INDUSTRIALIZATION
• A transformation away from an agricultural- or resource-based economy, toward an
economy based on mass manufacturing
• Usually associated with increases in total income and living standards in a society
• Numerous strategies for industrialization have been pursued in different countries
over time, with varying levels of success
• Output of modern technology
THE CASE OF KOREA: Industrial Development
AFTER THE WAR
The country is reliant on foreign aide seeks to be self sufficient
GOAL OF SELF SUFFICIENCY BY CREATING A STRONG MANUFACTURING SECTOR