Resources

Definition

Resources refer to any materials, assets, or capabilities that can be used to achieve objectives or meet needs. In the context of government allocation, resources can include financial resources (money), human resources (staff), natural resources (land), and technological resources (equipment).

Related terms

Infrastructure: Infrastructure refers to physical structures such as roads, bridges, airports, and utilities that support economic activity and public services.

Public Goods: Public goods are goods or services that are provided by the government for everyone's benefit and cannot be easily withheld from individuals who don't contribute financially.

Natural Resources: Natural resources are the materials or substances that occur naturally in the environment and can be used for economic gain, such as minerals, water, forests, and oil.