WORD WORLD

How Potential are Natural and Human Resources

noreply@blogger.com (Great Peter) — Fri, 17 Sep 2010 14:03:00 +0000

The Potentiality of the Resources of Wealth
The two major resources on earth are natural resources and human resources. They can be classified as primary resources. Every other resource is derived from natural and human resources. Wealth creation depends mainly on potentiality of these primary resources.
Potentiality is the quality that exists in a thing or person but has not been fully developed. It is a kind of undiscovered capability in a thing or person and possesses the ability to satisfy human needs if it is processed into a quality strength or scheme.

Resources of Wealth are the factors, substances, materials, and abilities that can be transformed into diverse products or articles, and skills in the process of wealth creation.

Natural Resources
These are the mineral resources and natural endowments found at different geographical locations of the world.
Every natural resource has more than one products or items that can be derived from it as main products or by-products.
Natural resources are always multi-product resourceful.

Human resources
These have to do with man and they are the developed and undeveloped talents, and endowments in human being. In human resources management, developed talents and skills are more appreciated and concentrated on than undiscovered ones. And that is why human resources management is concerned about certification and qualification in some parts of the world. In some developing countries, Human resources management concentrates more on formal education than informal education. However, wealth acquisition has no reference to formal education than informal education.
Human resources are super- resourceful and dynamic when careful attentions are paid to discover and develop them for greater exploits.

The Process of Wealth Distribution

noreply@blogger.com (Great Peter) — Sun, 08 Aug 2010 04:06:00 +0000

What is Wealth Distribution?
DEFINITIONS: Wealth distribution is the natural and sophisticated or artificial process by which wealth is allocated to each geographical area. It is the manner by which human resources domicile, and dominantly found in certain parts of the world
Distribution of wealth can be defined as a process by which a proportion of wealth moves or circulates around a society or a nation.
Distribution of wealth can also mean allocation of wealth among individuals; it seemed to indicate how a larger portion of wealth of a society is owned by a smaller percentage of the people in that society.
Distribution of wealth is the manner in which wealth is divided among the people of an economy.

The Basis for Inequality in Wealth Distribution
Inequality is a basic and natural phenomenon which is peculiar to or easily identified with wealth distribution.
Wealth distribution is primarily a function of nature.
It is also a function of individual's ability to acquire wealth. Ability to acquire wealth is the combination of man's creativity, intelligence, and productivity - man/individual endowed wealth.
It is also a function economy policy of a nation.
Inequality is inevitable at any these dispositions of wealth distribution because;
Nature does not favour every part of the world equally.
Men are born equal, but are not basically exposed to the same philosophy of life, the same belief, the same opportunities, the same civilizations e.t.c. The levels of individuals' creativity, intelligence, and productivity are limited to their levels of basic exposures.
Economy policy is not always favourable to everybody, but the barons that sponsor the policy mostly in a capitalist economy.

What are the processes of Wealth Distribution?
The process of wealth distribution revolves around redistribution of wealth. Wealth distribution was attributed to certain basic functions which no internal or external force may be influence. Wealth distribution is just a natural law of economics of life which is unchangeable. There could only be redistribution of wealth where conscious efforts are in place to ensure a little shift of wealth concentration.
The process of wealth distribution is the redistribution of wealth; and this can take place through the follows Wealth Transfer
1. Producing and Selling of Goods/Services
2. Transfer of Assets
3. Transfer of Intellectual Wealth

In economics, redistribution is the transfer of income, wealth or property from some individuals to others. Most often it refers to progressive redistribution, from the rich to the poor, although it may also refer to regressive redistribution, from the poor to the rich. The desirability and effects of redistribution are actively debated on ethical and economic grounds (Wikipedia.org. The Free Encyclopedia)

Factors that Determine the Distribution of Wealth

noreply@blogger.com (Great Peter) — Thu, 05 Aug 2010 00:03:00 +0000

Nature of Resources
Natural resources remain dormant and useless, except there are human resources to explore and convert them into wealth.
The supply of natural resources could be limited in supply from one geographical location to another.
Natural resources could be varied from one location to another.
Human resources can easily multiply and increase in the course of conscious developments - such as training, and capacity building.
Mobility is peculiar to the nature of human resource unlike natural resource of the static nature.

What is Wealth Distribution?
DEFINITIONS: Wealth distribution is the natural and sophisticated or artificial process by which wealth is allocated to each geographical area. It is the manner by which human resources domicile, and dominantly found in certain parts of the world
Distribution of wealth can be defined as a process by which a proportion of wealth moves or circulates around a society or a nation.
Distribution of wealth can also mean allocation of wealth among individuals; it seemed to indicate how a larger portion of wealth of a society is owned by a smaller percentage of the people in that society.
Distribution of wealth is the manner in which wealth is divided among the people of an economy.

Peculiarities of Wealth Distribution
Basic inequality is peculiar to distribution of wealth in all parts of the world. There are some degrees of inequality in the distribution of wealth. Certain levels of creativity and productivity of some people in responses to the WANTS and NEEDS of other people result in such enormous wealth acquisitions and growths. Wealth is perpetual in nature in some cases of retireless ability to accumulate more wealth even at the expense of others.

Factors that determine the Distribution of Wealth
Distribution of wealth is primarily determined by the nature from the creation. Wealth distribution however gets more sophisticated as the countries of world realise and maximize their natural resources and human resources. The sophisticated systems or processes of distributions determine the acquisition of wealth by the individuals all over the world.

Resources Wealth comprises of natural resources i.e mineral resources, forestry, aquatics, and wild lives. The distribution of such wealth is virtually determined by nature from the creation.

Man or Individual endowed Wealth comprises of human resources i.e skills and potentials. This basically determined by nature, and inherent abilities that lie in man. It is also determined by training and development fascination of a society.

Resources of Wealth and Creation of Wealth

noreply@blogger.com (Great Peter) — Sun, 01 Aug 2010 14:06:00 +0000

What is Creation of Wealth?
Creation of wealth is the amalgamation and processing of all factors of production i.e
Natural resources - land, and raw materials
Human resources - labour, and potentials
Man-made resources - capital, and machinery.
Adam Smith saw wealth creation as the combination of materials, labour, land, and technology in such a way as to capture a profit (excess above the cost of production). From Wikipedia, the free encyclopedia.

What are the Resources of Wealth
The main resources of wealth are the natural resources and human resource.
Natural resources comprise of all mineral resources and other endowments of nature - aquatics, forest, and wild lives etc.
Human resources is simply the personnel or man. It also means the skills and potentials possessed in man.
Skills mean the refined, process, or developed potentials of man.
Potentials are the undiscovered, untapped, dormant, and undeveloped abilities and talents of man.

Creation of Wealth
Creation of wealth is the amalgamation and processing of all factors of production. Creation of wealth is mainly the processing of natural resources with man skills. It is a conscious process towards acquisition of wealth. Acquisition of wealth is not amassing of wealth. Acquisition of wealth is a possession of a portion of wealth, while amassing of wealth is a gradual building or accumulating of wealth.
Creation and acquisition of wealth by person starts from the processing and maximizing of the potentials of the person and so it is with any nation. The level of maximization of the individual potentials will equally determine the size of wealth to be acquired. There is no unit of wealth that exists independence of natural resources and human resources - skills and potentials. Therefore, wealth can be classified into:
Resources Wealth, and Individual endowed Wealth.
Creation of wealth is a function of the resources wealth and the efficiency of endowed wealth that are available.

What is Wealth?
Now, wealth is the net worth of person; the endowed quality of man.
Wealth is the abundant supply of natural resources of a nation and or the natural endowment of man determined by the nature. Wealth is the processed resources of a nation. It is the processed abilities, potentials, and amassed skills of man. It is a versatile pool of knowledge, and the intelligence of man.By monetary term, wealth is Assets less Expenses. It will be an error to take income for wealth. Income is just a worth or measure of productivity within a period of time. As far as individual wealth goes, incoming money is just an aspect of wealth, since expenses are first deducted before wealth can be determined. Whatever economic value is left over after all liabilities are deducted is the true economic value, or wealth. 1999-2010 eHow, Inc.
'Wealth' refers to some accumulation of resources, whether abundant or not. 'Richness' refers to an abundance of such resources. A wealthy (or rich) individual, community, or nation thus has more resources than a poor one. Richness can also refer to at least basic needs being met with abundance widely shared. From Wikipedia, the free encyclopedia.

Distribution of Wealth
Distribution of wealth is primarily determined by the nature from the creation. Wealth distribution however gets more sophisticated as the countries of world realise and maximize their natural resources. The sophisticated systems or processes of distributions determine the acquisition of wealth by the individuals all over the world.