ECONOMICS (CBSE/UGC NET)

ECONOMICS

HUMAN CAPITAL

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A shoe is a ____
A
natural resource
B
manmade resource
C
fashion statement
D
None of the above
Explanation: 

Detailed explanation-1: -Examples: When human use woods, metals, sand, cement, and solar energy to make houses, machinery, cars, bridges, roads, and so on are known to be human-made resources. Technology is a human-made resource, too. Most of the human-made resources are renewable.

Detailed explanation-2: -Traditionally, shoes have been made from leather, wood or canvas, but are increasingly being made from rubber, plastics, and other petrochemical-derived materials. Globally, the shoe industry is a $200 billion a year industry.

Detailed explanation-3: -Man-made resources are objects or things that are converted into accessible forms after changing their original form. For example, electricity is a man-made resource. Examples of man-made resources are plastic, paper, soda, sheet metal, rubber, and brass.

Detailed explanation-4: -Leather. Real leather is made from animal skin-typically cowhide. Rubber. Rubber is a very natural product-it comes from tapping hevea brasiliensis (or rubber trees). Textiles. Textiles are popular because they are available in a wide range of colours and textures. Synthetics. Foam. 28-Apr-2021

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