The Resource Context Introduction - Business Environment

To produce goods and services that people want is the main aim of business. And that cannot happen without people, technology and natural resources.We call it ineconomics as the factors of production and are categorized under the headings of labour, capital and land.This section will consider each of these in turn. Resources can be renewable or non-renewable. Renewable resources would include labour, water, fishing stocks, soil, air and solar power even though many of these might not be renewable for a long period of time. Non-renewable resources would be most minerals including oil, iron ore and coal, agricultural land, forests and electricity (in so faras most electricity is derived from minerals).

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