What are resources?

Resources are items that can be used to improve the production or development of a good or service. This includes physical resources such as land, water, and minerals, as well as intangible resources such as knowledge, skills, and experience. Resources can be classified according to their nature (e.g. natural resources, human resources, financial resources), their availability (e.g. renewable resources, non-renewable resources), or their purpose (e.g. production resources, consumption resources).