Understanding Natural and Capital Resources

The video tutorial explores the concept of resources, dividing them into three main types: natural, human, and capital resources. Natural resources are gifts from nature like water, air, and minerals. Human resources involve the skills and services provided by people, such as teaching and healthcare. Capital resources are man-made tools and machines that aid in production. The video emphasizes the importance of using resources wisely and understanding their roles in our lives.

What is a resource according to Miss Betty?

• Only man-made objects

• Anything that people need or value

• Something that is only found in nature

• Things that are not essential for life

Which of the following is NOT a natural resource?

• Air

• Electricity

• Water

• Sunlight

What is the role of natural resources in our lives?

• They provide essential materials and energy

• They are only used for decoration

• They are not necessary for survival

• They are always renewable

How should we treat natural resources?

• Ignore them as they are unlimited

• Always use them wisely and never waste them

• Use them without any concern

• Only use them for industrial purposes

What is the main difference between goods and services?

• Goods are actions, services are objects

• Goods are intangible, services are tangible

• Goods are tangible, services are actions

• Goods are always more expensive than services

Which of the following is an example of a human resource?

• A farmer growing crops

• A factory machine

• A river providing water

• A tree providing shade

What are capital resources?

• Natural gifts from the earth

• Skills and knowledge of people

• Man-made tools and machines

• Resources that are unlimited

Which of the following is a capital resource?

• A tractor

• A cow

• A teacher

• A river

Why are capital resources important?

• They are not essential for production

• They are unlimited and free

• They help us create and do amazing things

• They are gifts from nature

What is the key takeaway from the video?

• Resources are unlimited and free

• Taking care of resources is crucial for our world

• Only natural resources are important

• Human resources are not necessary