Resources Development 

Welcome to today’s class!!

We are thrilled to have you in our class!!

In today’s Religious and National Values class, we will be talking about Resources Development

Resources Development 

Resources Development

Resources development is the process of maximizing the available natural resources and creating conditions for a better use of those resources. 

Creating new resources or expanding the existing one requires a lot of capital depending on the size of the resources.

Resources Development involves these processes. let’s take them one after the other:

1.Savings

  1. Loans from banks, friends and family
  2. Friends and Family
  3. Dividends
  4. Donations
  5. Selling of Properties.
  6. Rents
  7. Existing businesses

Resources Development can also be used for various purposes including:

1  It is used for establishing business

  1. It is used for financial projects
  2. It is used for grants and donations.
  3. It is used for foreign exchange
  4. It is used for exchange.

In summary, Resources development is the gradual growth of new or existing resources to create new resources or expand the existing ones.

 

Evaluation

What is Resources Development?

 

Reading Assignment

Identify four processes of Resources Development

 

Weekend Assignment

Identify the purposes of Resources Development.

 

We hope you enjoyed today’s class. See you next term!

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