Inputs into a firm's production process are resources.
Resources are things that have utility and add value to your life. All things that exist in nature and are useful to humankind, such as air, water, food, plants, animals, minerals, and metals, are “resources.” The value of each of these resources will vary depending on their usefulness and other factors.
Resources are the physical substances that make up part of the earth and are needed and valued by people. Natural materials become resources when they are loved by people. The use and value of resources vary from culture to culture and from time to time. Resources are spatially distributed with different quantity and quality.
Oil, coal, natural gas, metals, rocks and sand are natural resources. Other natural resources include air, sunlight, soil and water. Animals, birds, fish and plants are also natural resources. Food, fuel and raw materials for producing goods are produced from natural resources.
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