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What makes a resource?
The factors of production : land, labor, and capital. You need land (soil, water, minerals, trees, etc) to form the resource, labor to create it, and the money to spend to buy the land, factories, equipment, and labor to manufacture the resources.
Increase in money and decrease in goods?
A common cause for this is unemployment, or when an institution isn't functioning to its fullest potential due to lack of labor (labor being classified as a resource.)
Is labor an unlimited resource?
no
What is the name of the resource you exchange when you work?
Labor
Why isn't money considered a capital resource?
Money IS a capital resource.
Resource cost can be associated with labor cost or material consumable resources?
Variable costs not Resource
What was a fundamental resource of China?
human labor and agriculture
Which of the following is part of the resource or factor market?
labor
Why is money considered a capital resource?
BY definition, capital resource means physical money.
Why is labor an economic resource?
For an economy to function, it must have human labor. This includes a long list of types of labor in order to make an economy viable. Therefore, the resources of an economy run from scientists to teachers to business people to factory and farm workers.
Is money a nonrenewable resource?
the presses are there to print money when they are supposed to so I think it is clear that is a renewable resource.
What is purchased by businesses in a resource market?
Businesses purchase the factors of production in a resource market, which are: capital, labor, land and entrepreneurship. (:
