The Potentiality of the Resources of Wealth
The two major resources on earth are natural resources and human resources. They can be classified as primary resources. Every other resource is derived from natural and human resources. Wealth creation depends mainly on potentiality of these primary resources.
Potentiality is the quality that exists in a thing or person but has not been fully developed. It is a kind of undiscovered capability in a thing or person and possesses the ability to satisfy human needs if it is processed into a quality strength or scheme.
Resources of Wealth are the factors, substances, materials, and abilities that can be transformed into diverse products or articles, and skills in the process of wealth creation.
Natural Resources
These are the mineral resources and natural endowments found at different geographical locations of the world.
Every natural resource has more than one products or items that can be derived from it as main products or by-products.
Natural resources are always multi-product resourceful.
Human resources
These have to do with man and they are the developed and undeveloped talents, and endowments in human being. In human resources management, developed talents and skills are more appreciated and concentrated on than undiscovered ones. And that is why human resources management is concerned about certification and qualification in some parts of the world. In some developing countries, Human resources management concentrates more on formal education than informal education. However, wealth acquisition has no reference to formal education than informal education.
Human resources are super- resourceful and dynamic when careful attentions are paid to discover and develop them for greater exploits.
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