Economic resources and their types

Economic resources - all types of natural and human capabilities that are used for production to meet the needs.

Modern production creates an infinite number of different products - products and services.Therefore, the amount of resources used should be as great as the volume of production.In fact, the economic resources that are called factors of production are different benefits, which are used to produce other goods.They are all united in a few large groups.Let's look at them in more detail.

economic resources and their types

1) Land.

This title combines all kinds of natural resources: minerals, land area, forest, water, flora, fauna, climate and recreational opportunities.

natural economic resources in different ways are involved in economic activities:

- as operational bases of production they represent an immediate territory in which production facilities are located;

- as sources of mineral resources are used in the mining industry;

- as objects of industrial activity are represented in agriculture.

Earth - is limited, and virtually irreplaceable resource, so it needs careful treatment of customers and state protection.Because of the negligent attitude to the land from agricultural circulation in the world each year is taken more than six million hectares.At this rate, after two and a half centuries humanity risks losing all land suitable for agriculture.

2) labor.

This type of resource includes people who are employed in the production (economic) activity.Despite the technological advances and automation, the role of labor in the production process does not decrease.The reasons for this, firstly, in the complexity of problems to be solved in modern production to meet growing demand.Secondly, labor becomes more intelligent, that is growing mental effort.Third, in many areas there are high risks and responsibilities - for example, in nuclear energy, air transport, etc.

Because people are the direct bearers of specific technical and organizational knowledge and skills, culture, and it is now accepted that the economic resources of labor - is not only work, but the entire human capital, which reflects the level of development of the working people.

3) Capital.

to this kind of resources are the means of production (equipment, machinery, equipment, vehicles and buildings) and financial opportunities (funds, which are managed by banks and individuals, giving them to use in the form of loans and investments).

4) Ability to entrepreneurship.

These economic resources are separated from the other in a separate category and are the ability to base a profitable business and effectively manage it.Not every person has a natural ability to entrepreneurship, so become a successful business can not all attend.Successful entrepreneurial activity, in addition to knowledge of the production technologies, also involves risk appetite, developed intuition, skills and beliefs.

5) information.

economic resources in the information includes knowledge of the needs, capacities, production technology and management, pricing, etc.In today's society fully implemented the following principle: who owns the information, he owns the world.Therefore, it is called an information society.Now we have a decisive importance of computer technology, network storage systems and data.