Which category does personal property fall under?

Personal property is classified as movable resources because it includes items that can be physically moved from one location to another. This category encompasses tangible assets such as furniture, vehicles, and personal belongings, as well as intangible assets like stocks and bonds. The key characteristic of personal property is its mobility; unlike real estate or immovable resources, which are fixed in place, personal property is characterized by its flexibility to be relocated.

In contrast, immovable resources refer to real property and land that cannot be moved. Financial assets typically involve investments or cash-related instruments rather than physical possessions. Fixed assets are long-term tangible items used in the operations of a business, such as buildings and machinery, but they do not include the broader scope of personal property. Thus, categorizing personal property as movable resources aligns perfectly with its defining feature of being easily transportable.