Types of Economic Resources

i) Natural resources: These are resources that occur naturally in the environment, such as land, water, minerals, forests, and energy sources like sunlight and wind. Natural resources are essential for economic activities and are typically obtained from the Earth's natural environment.
ii) Man-made resources: Man-made resources, also known as capital resources, are created by humans for economic use. Examples include buildings, machinery, infrastructure, tools, and technology. These resources are the result of human ingenuity and investment in production capabilities.
iii) Human resources: Human resources refer to the labor, skills, abilities, and knowledge that individuals contribute to economic activities. They include the workforce, their education, training, expertise, and creative abilities. Human resources are essential for driving productivity, innovation, and economic development.
iv) Renewable resources: Renewable resources are those that can be naturally replenished or regenerated within a relatively short period. Examples include solar energy, wind energy, biomass, and agricultural crops. Renewable resources can be used sustainably without depleting their availability over the long term.
v) Non-renewable resources: Non-renewable resources are finite in quantity and cannot be naturally replenished within a short time frame. Examples include fossil fuels like coal, oil, and natural gas, as well as minerals and metals.

In summary, the types of economic resources include:
i) Natural ii) Man-made iii) Human iv) Renewable v) Non-renewable