what are resources .. explain it's four factors in india..
Home
/
Social Sciences
/
what are resources .. explain it's four factors in india..
what are resources .. explain it's four factors in india..
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
1.Resource accessibility: Resources should be made available to all people for optimum utilisation.
2.Skill: Upgrading to latest technologies and skills will ensure appropriate development of resources in the country.
3.Superiority of human resources: Knowledge gained by people plays an important role in resource development.
4.Past experiences of the people: People who have experienced the situations of resource scarcity in the past will clearly understand the importance and the finest consumption of resources in the future.
I Hope your help....
Answer:
A resource is a source or supply from which a benefit is produced. Resources can broadly classified upon their availability—they are classified into renewable and non renewable resources.
Four factors÷
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.