Exams

Living organisms often contain trace amounts of several elements, but the most abundant ones are oxygen, carbon, hydrogen, nitrogen, calcium, sulphur and phosphorus.

Economic resources are those goods and services that can be converted into valuable products for individual and business purposes.

There are four major types of economic resources:

1. land,

2. labor,

3. capital and

4. entrepreneurship.

Land and labor are natural and human resources, while capital means physical resources or money.

Entrepreneurship converts these resources into usable goods.

However, resources have finite values, and proper utilization depends on economic systems and economic decisions.

Lord Ripon was the Viceroy of India from 1880 to 1884. He introduced Local Bodies (Local Self Governance) in 1882 and showed the taste of independence to Indians.