Productive resources refers to the various inputs
or capitals that are used to create wealth. We are here to create value and
provide service. In order to do this, we obtain training or education. With
education and training we acquire the skills needed to solve problems, create
value and provide service. When we have opportunity to use our skill in an
employment, we are appreciated and rewarded with income in the form of salaries
or wages. When we keep getting these rewards over time, they begin to
accumulate, and the result is wealth --- an abundance of material things or money.
Now take a look at the process that
resulted in wealth: You needed a skill which you obtained through education or
training; the skill enables you to solve problems, deliver value or provide
services. And you were able to do that in an employment which provided you with a
platform to put your skill to work. And
then you were appreciated and rewarded with income in form of salaries or
wages. The rewards accumulated and became abundant (i.e. wealth). You can
decide to do whatever you like with your wealth (i.e. to use it to achieve
goals). You may decide to use it to enjoy yourself, to acquire assets, develop
yourself further (i.e. obtain more training) or even invest part of it to get
more wealth.
You can see here that the process of
creating wealth requires inputs:
1.
Time, energy and resources you
put into education and training.
2.
The skill you put into work to
deliver value, solve problems or provide service. After you were rewarded, you
still invested part of your rewards to create more wealth. In other words, you
invested
3.
Financial or Material wealth to
create more wealth.These
inputs are the productive resources or capitals you need to create wealth.
You can also see that wealth comes from the
rewards you get for the services you render. Hence if you want to enjoy a life
of service reward and achievement, you must obtain all the capitals you need.
Note that a major cause of unemployment is not always the lack of job, but lack
of skill needed to take up available jobs. So you must undergo training to
acquire the skill you need in the work place.
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