Tutorial 4
Resources
Learning Intention
To understand and be able to identify economic
resources.
Success Criteria
I can:
- identify types of resources and the
difference between them.
- classify types of economic resources.
- use diagrams to show the links between
different types of economic resources.
RESOURCE
Where have you heard this word?
What does it mean?
What different types are there?
DEFINE
Natural Resources:
Human Resources:
Capital Resources:
Management Resources:
Natural Resources:
These resources are produced in or by the earth. They include everything in nature
such as water, fish, soil, forests, oil, etc.
Human Resources:
These resources are the people who work to create and provide goods and services,
such as teachers, pilots, dentists, drivers, rockstars, and factory workers. This can
include people who are working and people who are unemployed.
Capital Resources:
These resources are human made resources used to help run a business. They include
everything a business needs to operate such as machinery, tools, and equipment.
Management Resources:
These resources are the abilities and skills of a business to organise all the previous
resources to run a business successfully. It can include advertising, marketing,
shareholders, directors, and managers.
Help me REMEMBER
Natural Resources:
‘PRODUCED IN OR BY THE EARTH’
Human Resources:
‘PEOPLE CREATING GOODS AND SERVICES’
Capital Resources:
‘MAN MADE LONG TERM OBJECTS TO MAKE THE GOODS AND SERVICES’
Management Resources:
‘ABILITY TO ORGANISE ALL OF THE ABOVE AND MANAGE THEIR
INTERACTIONS’
Let’s take our definitions a bit further...
1. Draw an illustration of each of your definitions (Draw a picture that represents your resource)
2. Provide an example of each resource, for example, An example of a natural resource is……..
because……..
3. Provide a non-example of each resource, for example, A non-example of a natural resource is ……
because……..
An example of a natural resource is timber because it is made by
the earth.
A non-example of a natural resource is a house because it is
made using human resources and capital resources, as well as
being made out of a combination of economic resources.
Go further → Make a video recording/voice over TEACHING
these four words to someone who has no idea!
Classifying
resources
Decide whether each of the following
is a natural resource, human
resource, capital resource or a
management resource
Grass
electric drill
paddock
sunlight
lawn mower
gardener employed by the
Surf Coast Shire
taxi driver
bridge
Natural
Human
Capital
Management
truck
orange
teacher
fish
uniform
office chair
spanner
managing director
computer
equipment
Resources
1. Identify the natural resources used to produce:
a. Newspapers
b. Hamburgers
3. Identify the capital resources used to produce:
a. orange juice
b. a football game
c. books
d. bricks
c. Apples
d. An omelette
e. Air travel
2. Identify the human resources used to produce:
a. jeans
b. a train ride
c. the repair of a bike tyre puncture
d. a surfboard
Using Diagrams
It is often easier and clearer to show the links between different sorts of economic
resources using diagrams.
The picture on the next page shows how all 4 economic resources have been
used to manufacture a car.
Explain why you think it it better to use diagrams to show the
links between economic resources rather than to write about it.
What are some positives and negatives of using diagrams or
graphic organisers?
Using the picture as a model, show the different types of economic resources
used to create one of the following:
a. A bus ride
c. A go-kart
b. A restaurant meal
d. Your favourite magazine