Resources are a type of offering that can be used by a person or organization to execute plans and projects. Resources can be in the form of money, material, personnel, energy, experience, time and management, among other things.
Resource is a broad term and its definition varies depending on the areas: economics, biology and ecology, computer science, administration and human resources. In economics, resource is defined as a service or other asset that is used to produce goods and services that meet human needs. Also known as factors of production, the economy divides resources into four categories: land, labor, capital, and business. More recently, technology has also been recognized as a factor of production.
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