3 Kinds of Resources - YouTube

hello my name is Kylie and welcome to three kinds of resources in this video

you will learn about three different types of resources how they are made and

how they are used it has a lot to do with economics and money ready to learn

about resources in our economy let's take a closer look our economy is a

system of making things called Goods and providing services it also is how we go

about trading buying and selling these goods and services economics is a study

of how we make buy sell and use things the use in moving around of these items

is an important part of economics these things are called resources take a look

around you what do you see no matter where you are at this moment you are

surrounded by resources are you at a desk the desk is made up of wood and

that is a resource did you take a warm shower or bath water and the energy to

heat it our resources what are you watching this video on a

tablet computer phone the people who make these devices are actually

resources let's take a look at three different kinds of resources that are

all around us the first and perhaps the most important resources we will discuss

are natural resources natural resources are things that are found in nature and

not made by man sometimes it is easy to overlook or not notice natural resources

because they are so much a part of our everyday life water is one of our most

precious and important natural resources we use it for so much other natural

resources include rocks land the air we breathe

trees wind sunlight plants coal oil and more there are some natural

resources that are renewable these resources can be thought of as never

being used up these include sunlight or solar energy

and wind energy we can collect solar power with solar panels that collect

sunlight from the Sun and turn it into electricity wind also can be used to

power windmills called wind turbines which also make electricity we cannot

use up solar and wind energy ever most natural resources are non-renewable this

means that once we use them up there will be no more of that resource for

example oil used to make gasoline plastic and heating oil is found deep

deep underground there is a limited amount of it once we use it up it will

be gone forever this also affects the price of things

made from these resources for example the more oil we use the less there will

be of it and the prices of gasoline will keep going up and up some types of

non-renewable resources are gold which is used in jewelry and electronics iron

used to make all sorts of tools cars appliances coal which is burned to make

electricity salt use for food and is also essential for humans to be healthy

but not too much of it chalk which is commonly used to write but

also in manufacturing some items lithium used as medicine and to make batteries

neodymium which is used to make magnets there are many many more than this

non-renewable natural resources must be carefully conserved conserved means to

only use what we need find ways to use less and protect what little there is

left trees are a very good example of this we used to cut down trees without

even thinking that there would ever be a time that we could use them all this is

called deforestation unfortunately we know this is now not

true governments and businesses are trying to find ways to use less trees to

make things out of wood and paper recycling and reusing items made from

paper and wood is one way that we can all conserve this natural resource also

planting more trees which take a very long time to grow helps to make more

this can be a little confusing you may say well then trees are a renewable

natural resource right well technically yes

but we classify or group them into the non-renewable category because humans

use them up faster than they can grow that is why is so important to conserve

this resource you may notice items made of paper in

wood are getting more and more expensive because as we use more there is less to

be found the less there is of something that people want the more expensive it

becomes let's take a look at the second type of resources human resources yes

you you are a resource humans are resources because we do

labour or work of course there are a ton of different types of jobs humans do

from computer technicians Cowboys to carpenters and from dentists to doctors

to decorators all our human resources think of something you love to eat I

love vanilla ice cream there are a lot of people involved in making the ice

cream the farmers who raise the cows the people who harvest the vanilla beans the

people who work at the factory that make the ice cream truck drivers to transport

the ice cream to the store store clerks to stock the freezers and the cashier

that takes your money when you purchase it that's a lot of people they are all

human resources the last type of resource is called capital resources

these are things like machines tools vehicle

if information people use to do their work remember that delicious vanilla ice

cream I talked about the tractor the farmer used to bring hay to the cows the

huge ice cream machine the forklift the factory worker used to

load the truck the truck the freezer the clerk put the ice cream in and the chart

the cashier used to check the price of the ice cream are all capital resources

all three types of resources natural human and capital are used together to

make our economy work let's see if you can identify which type of resources

these items are how about a school bus which type of resource do you think this

is it is a capital resource because it is a machine in this case a vehicle

humans used to produce a service which is taking kids to and from school okay

think about a pencil which type of resource do you think this is did you

say capital resource it is you use a pencil to do work therefore it is a

capital resource how about copper metal think carefully which type of resource

do you think it is you're right if you said natural resource it comes from the

ground now here is a challenge do you think copper is a renewable natural

resource or a non-renewable natural resource that's a tough one the answer

is non-renewable because once we use up all the copper out of the ground there

will be no more to be found we will only be able to recycle the copper we already

have and last but not least what are you yes you you're right you are a human

resource and one very smart one at that I'm so glad you learned about the three

types of resources with me today remember to practice what you've learned

using our fun online games and quizzes you can also learn more about economics

and our other videos on this topic until next time be resourceful and always be

clever