Scribd
Upload
606 views1 page

Eco 103 PDF

This document classifies and describes the different types of economic resources in the Philippines, including natural, human, and capital resources. Natural resources are divided into land, water, mineral, and energy resources. Land resources include forests, farmland, and residential areas. Water resources include coral reefs and mangroves. Mineral resources provide raw materials and income. Human resources are considered the most important and include the country's labor force, skills, and population. Capital resources are structures, equipment, and inventories that aid in production. They are created through human labor and talents.

Uploaded by

Josie Sanchez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
606 views1 page

Eco 103 PDF

This document classifies and describes the different types of economic resources in the Philippines, including natural, human, and capital resources. Natural resources are divided into land, water, mineral, and energy resources. Land resources include forests, farmland, and residential areas. Water resources include coral reefs and mangroves. Mineral resources provide raw materials and income. Human resources are considered the most important and include the country's labor force, skills, and population. Capital resources are structures, equipment, and inventories that aid in production. They are created through human labor and talents.

Uploaded by

Josie Sanchez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Economic Resources

Classification of Resources Natural, Human and Capital.


Natural resources are the reosorces come from nature. They are use as raw materials in the
manufacture of products that are needed by people. Natural resources can be classified
into land resources, water resources, mineral resources and energy resources.
Land Resources. The total land area of the Philippines is about 30 million hectares or 300000
sq. Km. This land area is divided into forest alienabla and disposable land. Alienable and
disposable land are those that can be sold or given as bequest by a private individual this
includes agriculure, commercial and residencial. Forest is the one responsible in maitaining
the ecological balance in our country.
Water resources. The country is included in coral triangle. It is abundant in coral reefs and
mangroves. Problems of water resources are distruction of coral reefs, pollution caused by
incessant disposal of garbage, degradation of riverbanks and lake shore
Energy resources are used for obtaining energy sources. These can be classified into
Hydropower energy from water, solar grenerated by the sun, geothermal energy from
the heat of the earth, wind rotation of wind mills, coal burning of fossilized plants. Energy
allows machineries to produce goods and services.
Mineral Resources serve as source of raw materials in the production of goods. They also
serve as source of income to some Filipinos. Mineral resources are non-renewable. Over
exploitation of it could lead to its depletion.
Human resources. Human resources are considered to be the most important resource. It
pertains to the labor, skills and intelligence of human that are a crucial factor in the
development of the economy. Natural resources are useless without the use of intellect,
abilities and skills to process and enrich them. The countrys population can be devided into
two, those in the working age bracket and those in the dependent age bracket. A high
level of denpendency ration means that a person in the working age bracket supports a
large number of persons in the dependency bracket. Human resources are also measured
by the knowledge and skill of workers. A high level of functional literacy among the workers
is needed for the economy to be competitive with the rest of the world. But despite the fact
that most filipinos are highly-skilled and highly-educated , most of them find a hard time
finding a well paying job in the Philippines and have to go abroad to find one. The
increasing number of population puts pressure on limited resources for. Population refers to
the number of people who lived in a particular place. Our population growth rate is one of
the highest in Asia. Rapid rise influcts of migrants seeking employment. Population density
a unit of measurement in the population per unit area=tp/Tland area. Effect harmful if
contributes to the depletion of natural resources. Greater demand the could lead to higher
production, employment and income
Capital resources are also a product of the physical and mental talents of individual
laborers. They resources aid in gathering, processing and utilization of raw materials from
natural resources that are needed in the production. Capital resources are of three major
categories namely structures (offices and factories), equipments (consumer durable goods)
and inventories of inputs and outputs (goods held in stock for use in future production or for
futur sales. Capital resources wear out overtime. The decline in value of machineries and
buildings is known as depreciation.
The distinction between capital and investment is important. Capital refers to the stock of
buildings and other productive reources held by a business while investment is the flow of
resources into the production of new capital. The structures and equipment needed for
other production to take place or to improve the well being of the public is referred to as
social overhead capital.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy