What are three types of economic resources


Table of Contents

  1. Generally
  2. Examples
  3. Criticism and Outlook


Resources are stocks and means that serve specific goals and purposes, such as the creation and provision of products and services. In the economy, immaterial and material goods such as operating resources, money, energy, raw materials and people belong to it. Natural resources come from nature, personnel are formed in organizations by the workforce and, if necessary, by temporary workers who are available for a contractually agreed working time. Resource management is there to determine resources in the organization and to use them optimally.


In order to run a furniture factory, for example, one first needs equipment such as a piece of land, a building and machines. You buy them or rent them with money. This is also needed to pay for the energy, such as the electricity of the production plant, the raw materials, such as the wood, and the labor. The production of the furniture is often linked to network resources such as files (which may contain information about the construction or the availability of resources). Industry 4.0 with its Smart Factory is characterized by a reduction in human resources and an increase in technical resources.

Criticism and Outlook

If one understands resources merely as means for certain purposes, which is already indicated in the term, one tends to exhaust them and exploit them. In the case of natural resources in particular, the focus is on the instrumental value, although in environmental ethics one can also ask about their intrinsic value (e.g. in relation to plants and animals). Technology ethics examines the responsibility of technology, which serves the use and waste of resources, especially the relationship between technology and nature, information ethics the change (in the use) of resources in the face of digitization, business ethics the responsibility of the employer towards the employee as a human resource .