RESOURCES AND COMMODITIES

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RESOURCES AND COMMODITIES
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What is a resource?

• Natural Resources
• Capital
• Human

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Natural Resources Resources that are
found in nature and can be exploited for profit.
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• Renewable Resources
• Resources that can replace itself within a short
  period of time (i.e. 50 yearsHuman Scale)
• Non-Renewable
• Resources that take millions of years to be
  produced

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Capital Resources

• Resources used by society to further the creation
  of wealth.

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Human Resources

• The people that live there, as well as the
• developed natural resources and capital
• resources, work to bring a country economic
• self sufficiency.
• Three characteristics
• Exist in sufficient numbers to form a labour pool
  and a domestic market for the goods and services
• Enjoy a level of health that enables people to
  work productively and raise families
• Be provided with an opportunity for education and
  training

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Distribution of Global Resources

• Land
• Water
• Mineral

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Land

• Climate
• Relief
• Geology
• Human Settlement

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Water

• Average water consumption
• Canada - 350 L of water each day
• Europe - 165 L each day
• Some African countries - 3 L each day

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Mineral

• Key factors in deciding to mine ore deposits are
  
• The extent and concentration of the mineral
• The price the mineral will bring in after it has
  been processed
• The cost of extracting, processing and
  transporting the mineral