Republic of uzbekistan andijan machine-building institute fundamentals of business management

Natural resources.The provision of raw materials by nature is called natural resources. The 
earth is made up of oil, minerals and nutrients needed for the growth of plants and trees, for 
raising animals. Rivers, lakes and oceans are the source of both food and water. The air we 
breathe is taken from the atmosphere around us. All the products you use are made of one or 
more natural resources. Let's take vegetable soup as a simple example. What natural resources 
do we use to prepare it? Vegetables and spices are sourced from rich farm lands. Water comes 
from a well or reservoir filled with rainwater. Aluminum is mined from the ground and mixed 
with several substances to produce a container. During the abundance of natural resources 
around the world, In many areas, their supply is limited. The increase in consumption is the 
availability of too many natural resources, which damages the environment. Storage and 
recycling practices help to maintain more efficient product design. Human resources. People 
who produce products and services are called human resources. Let's take vegetable soup as an 
example. Plant workers and managers use equipment designed by engineers, and other business 
workers develop food preparation processes. Truck drivers, salespeople, advertising agency 
workers and supermarket workers participate in the preparation of soup available for consumer 
purchase. Another type of human resources is managers. Managers are risk takers using 
resources to create new products and services. 
Capital resources. 
People are natural resources to the product must use equipment and facilities for conversion. 
Products and money used in the production of goods and services are called capital resources. 
Capital resources include buildings, equipment, and supplies. They also include money needed 
to build a factory, purchase or lease vehicles, pay workers, produce goods and services, and 
provide services. 
A number of people invest money for the business, so capital is needed to start the business. 
Such people aim to make money by profiting. 

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1.2 Economic Choices Explain the basic economic problem. 
Stages of management decision making.