A resource can be defined as a raw material that is utilized to produce services or goods. It is an entity that has economic value. It can be used in furtherance of the aim for which it has been created. Resources are indispensable inputs of production processes.
Human beings themselves are essential components of resources. They transform materials available in the environment into resources and use them.
The concept of resources has been developed across many established areas of work, in economics, biology and ecology, computer science, management, and human resources for example – linked to the concepts of competition, sustainability, conservation, and stewardship. In application within human society, commercial or non-commercial factors require resource allocation through resource management.
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