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Understanding Resources: Natural, Human, and Capital Influences

Explore the diverse types of resources such as natural, human, and capital, their impact on human activity, distribution across regions, and the importance of sustainable resource management. Gain insight into renewable and nonrenewable resources, human labor skills, capital assets, and the role of energy sources in economic development.

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Understanding Resources: Natural, Human, and Capital Influences

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  1. Resources • Natural substances become resources if and when they become useful to humans. • The value of resources has changed over time.

  2. Resources • Natural, human, and capital resources influence human activity in regions.

  3. What is a natural resource? • Any type of resource that occurs naturally on earth

  4. Natural resources Renewable – resources that can be replenished Examples – soil, water, trees

  5. Natural Resources • Nonrenewable – resources that cannot be replaced, once used gone forever • Examples – metals (gold, iron, copper), fossil fuels (coal, natural gas, oil)

  6. Human resources ·   a person providing labor or service and includes his/her skills and ability

  7. Examples of human resources 1. Level of education 2. Skilled and unskilled laborers • Skilled – refers to training to acquire a skill • Unskilled – lack of training in a skill 3. Entrepreneurial and managerial abilities • Entrepreneur – refers to ability to own personal business • Managerial – ability to manage other workers

  8. Capital resources ·        any asset used to produce a good or service

  9. Examples of capital resources • Money • Infrastructure Communication, road systems, health services, energy production, waste disposal, water 3. Equipment Tools, machines, technologies

  10. Energy resource • Any potential energy source

  11. Use of energy resources 1.Wood • Burning of wood led to deforestation 2. Petroleum • Important for transportation • Burning of petroleum causes acid rain pollution. 3. Nuclear • Waste • contamination

  12. 4. Coal • Competition with gas and oil • Pollution • Mining problems 5. Solar and wind • Cost • Beauty of land negatively impacted

  13. Technologies that have created demand • Steam engine • Created demand for coal (energy resource) • Computer chips • Demand for skilled labor (human resource) • Internal combustion engine (cars and trucks) • Demand for petroleum (energy resource)

  14. Resource distribution • Resources are not distributed evenly across earth • Some countries have a lot resources, while others do not

  15. Effects of unequal distribution • Interdependence • Nations must trade for resources they don’t have • Economic development • Uneven among world’s nations • Many nations rich in natural resources are wealthy (developed) while many nations lacking natural resources are poor (developing) • Energy • Energy producers • Energy consumers

  16. Imperialism – when country rules over another country or region • European countries imperialized Africa during late 1800’s • Controlling the resources in Africa helped fuel the Industrial Revolution in Europe. https://app.discoveryeducation.com/learn/videos/9057CC88-0EDE-43C4-98DC-2B720A85BA1B • Conflict over resources • Countries with little resources often fight for land to obtain resources • Countries in middle east are in conflict over water resources • Middle East countries also fight for oil reserves (Iraq invaded Kuwait in 1990) https://app.discoveryeducation.com/learn/videos/29432062-18FB-42F7-A4B6-DC7EB818FFC5

  17. Levels of economic activity ·Primary—Dealing directly with natural resources (fishing, farming, forestry, mining) ·Secondary—Manufacturing and processing (steel mills, automobile assembly, sawmills) ·Tertiary—Services (transportation, retail trade, informational technology services)

  18. Natural resources and land use • The production of goods will take place near the site of natural resource necessary for its creation • Examples • Steel produced near coal • Grain grown where cattle are raised • Fishing occurs in oceans

  19. ·Economic development priorities Each country must decide which area of economy should be strengthened first ·Environmental conservation priorities Decide whether to preserve forests, water, land Priorities of indigenous minorities Decide whether to protect cultures of original inhabitants of the land perspective on resources

  20. The costs of using natural resources ·Resource depletion ·Environmental degradation ·Health problems

  21. Benefits of using natural resources ·Production of goods and services ·Employment opportunities ·Development of technologies

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