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