• Three Magical Resources
  • Human Resources: Think of this as the wizards and witches of Hogwarts! They're the people with skills, talents, and the know-how to make things happen.
  • Physical Resources: This is like the Hogwarts Castle, potions, brooms, and wands. They include buildings, machines, and raw materials.
  • Financial Resources: The gold in Gringotts! It's the moolah 💰 needed to buy wands, hire professors, and host feasts.

Real-world example: Starbucks needs baristas (human), coffee machines & stores (physical), and cash to pay for beans and rent (financial)!

• Primary Sector: The Gatherers! Think of them as herbologists. They acquire raw materials. For example, farmers who grow coffee beans.
• Secondary Sector: The Craftsmen! Think potion masters. They take those raw ingredients and transform them. E.g., factories turning coffee beans into coffee powder.
• Tertiary Sector: The Service Stars! They're like the shopkeepers in Diagon Alley, providing services. E.g., baristas serving you your latte.
• Quaternary Sector: The Knowledge Knights! Like the professors at Hogwarts, they're all about knowledge and information. Think IT consultants or researchers.