1. Resources and Their Importance

2. Just Do IT Think of one example of a renewable natural resource.
Think of one example of a nonrenewable natural resource.

3. SOL and NCSS
SOL WG. 7a-b
NCSS: Production, Distribution, and Consumption

4. Objectives
I CAN Distinguish between natural, capital, human, and energy resources and the levels of economic activity
Evaluate the economic and environmental costs of energy resources

5. Big Question
What are resources, and how does a country’s cultural and economic priorities determine how they are used?

6. The Need for Resources
Humans need/use several different types of resources;
Energy
Water
Food
Others
Can have good and bad consequences

7. Energy Resources and their GOOD SIDE 
Wood-generates heat used for cooking & electricity
Coal- generates a large portion of U.S. electricity.
Petroleum- gasoline, diesel fuel, and heating
Nuclear- more environmentally friendly
Solar & Wind- FREE, GREAT for environment

8. Energy Resources and their Bad Side
Wood –causes deforestation
Coal – but this causes pollution
Petroleum – also causes pollution
Nuclear – dangerous could contaminate environments and kill peple
Solar and Wind – expensive and ugly

9. Natural Resources Renewable: Soil, water, forests
Nonrenewable: Fossil fuels (oil, coal, natural gas) and metals (gold, iron, copper, bauxite)

10. What About Other Types of Resources?
Human Resources
Education workforce
Skilled v. Unskilled Workers
Entrepreneurial and managerial abilities
Capital Resources
$$ for investment
Infrastructure
Availability of tools, machines, and technology.

11. Distribution of Resources
When resources are unevenly distributed, effects can be felt throughout the world.
Effects of Unequal Distribution of Natural resources
Interdependence – relying on other countries for certain goods/services
Imperialism – taking control of other areas to gain control of resources
Conflict and civil wars
Unbalanced economies

12. Examples of Effects of Unequal Distribution
Switzerland – limited resources; produce services on global scale
Russia – many different resources; not profitable to develop all of them
Cote d’Ivoire (Ivory Coast) – limited resources; trades cash crops for goods

13. Resources and Trading
Comparative Advantage = exporting goods that can be produced at a lower cost that other countries.
Nations must trade in order to obtain all needed resources/goods.
Also encourages interdependence – nations relying on each other.

14. Why Trade? Allows specialization in goods a country CAN produce and…
Allows country to obtain goods it CANNOT produce
Encourages specialization

15. What About Economic Unions?
Disadvantages
Closing some industries
Large agribusiness v. family farms
Disagreement on economic laws
Advantages
Efficient industry
Larger markets
Access to many resources
Worldwide influence

16. Pros and Cons of Resource Development
Production of goods
Employment
Developing technology
Cons
Resource depletion
Environmental destruction
Health concerns

17. What If a Country Isn’t Near Resources?
Must make do with what a country has.
Example:
Japan – limited natural resource, so it’s highly industrialized.
UAE – solely depends on oil, has limited industry.

18. Cultural Perspectives and Resources
Different cultures value resources differently.
Can also depend on technology and government.
Each culture has their own set of priorities when it comes to resources
Economic development
Environmental conservation
Human minority protection

19. Technology and Resources
Some new technologies have created a higher demand for certain resources
Steam engine – higher demand for coal
Auto engine – higher demand for gas (oil)
Computer chips – higher demand for skilled, educated labor

20. Land Use
Some economic activities, like agriculture, require extensive areas of land
Others require limited areas (e.g., manufacturing)
Some land uses are compatible with each other: open spaces and residential or retail and residential
Other land uses are not compatible (e.g., landfills and residential)

21. Levels of Economic Activity
Primary: Dealing directly with resources (e.g., fishing, farming, forestry, mining)
Secondary: Manufacturing and processing (e.g., steel mills, automobile assembly, sawmills)
Tertiary: Services (e.g., transportation, retail trade, information technology services)

22. Your Assignment: Shark Tank
You will work with a group of 3-4 to create a business. It can be primary, secondary, or tertiary economic activity.
1. Determine what kind of business you would like to start
2. Determine what you need and list everything on your business plan. (Follow packet and read directions!)
3. As you are choosing your resources, try to find a balance between cost and environmental impact according to your group’s priorities.
4. Create a colorful picture/ diagram about your new business that you would show to potential “investors.” We will present these and the best business (based on class votes) will earn extra credit points.

23. Exit Slip How has the value of certain resources changed over time?
Answer on your own paper.