Natural resources remain dormant and useless, except there are human resources to explore and convert them into wealth.
The supply of natural resources
Natural resources could be varied from one location to another.
Human resources can easily multiply and increase in the course of conscious developments - such as training, and capacity building.
Mobility is peculiar to the nature of human resource unlike natural resource of the static nature.
What is Wealth Distribution?
DEFINITIONS: Wealth distribution is the natural and sophisticated or artificial process by which wealth is allocated to each geographical area. It is the manner by which human resources domicile, and dominantly found in certain parts of the world
Distribution of wealth can be defined as a process by which a proportion of wealth moves or circulates around a society or a nation.
Distribution of wealth can also mean allocation of wealth among individuals; it seemed to indicate how a larger portion of wealth of a society is owned by a smaller percentage of the people in that society.
Distribution of wealth is the manner in which wealth is divided among the people of an economy.
Peculiarities of Wealth Distribution
Basic inequality is peculiar to distribution of wealth in all parts of the world. There are some degrees of inequality in the distribution of wealth. Certain levels of creativity and productivity
Factors that determine the Distribution of Wealth
Distribution of wealth is primarily determined by the nature from the creation. Wealth distribution however gets more sophisticated as the countries of world realise and maximize their natural resources and human resources. The sophisticated systems or processes of distributions determine the acquisition of wealth
Resources Wealth comprises of natural resources i.e mineral resources, forestry, aquatics, and wild lives. The distribution of such wealth is virtually determined by nature from the creation.
Man or Individual endowed Wealth comprises of human resources i.e skills and potentials. This basically determined by nature, and inherent abilities that lie in man. It is also determined by training and development fascination of a society.
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