Nonhuman Resources. Land, like labor and capital, is a classic factor of production. Land is all real estate and all natural resources on or in it, such as trees, minerals, elements, metals, gems, natural gas, thermal heat, oil, coal, water, and crops.
In this manner, what are three examples of natural resources?
Examples of resources supplied by nature:
Fossil fuels (petroleum, natural gas, coal)
Minerals (diamonds, gold, copper, silver)
Natural vegetation, forests, timber.
Animals (salmon, whales, deer, etc.)
Water, water power, wetlands, watercourses, lakes.
What is an example of a capital resource?
Basic categories of capital resources include tools, equipment, buildings, and machinery. However, any good used by a business to produce other goods and services is classified as a capital resource, including mundane items such as shipping boxes, invoice forms, pens, or file cabinets.
What is an example of a renewable resource?
A renewable resource is a resource which can be used repeatedly and replaced naturally. Examples include oxygen, fresh water, solar energy and biomass. New resources may include goods or commodities such as paper and leather. Gasoline, coal, natural gas, diesel, plastics and other fossil fuels are not renewable.