What characterizes non-economic resources?

Non-economic resources are characterized primarily by their limited or non-existent financial value. Unlike economic resources, which can be clearly quantified and have a price tag associated with them, non-economic resources encompass items or assets that contribute to well-being or quality of life without being defined by monetary metrics. For instance, emotional support from friends and family, time, and community spirit are all non-economic resources that can greatly enhance an individual's life but do not have a direct monetary equivalent.

These resources are important in the broader context of resource management because they highlight aspects of human experience that impact decision-making and quality of life beyond mere financial considerations. While economic resources are fundamental for transactions and trade, non-economic resources often provide intangible benefits that enrich personal and social experiences.