factors of production
Brandon Pagac
Wiki User
∙ 9y agoNatural Resources are what human beings use to create goods and facilitate some services. Examples of natural resources may include lakes, minerals, and plants.
labor
labor
all Natural Resources used to produce goods and services.
capital resources
The three economic resources used for making, selling, and using goods and services are land, labor, and capital. Entrepreneurship is also a factor in making, selling, and using goods and services.
labor
Capital resources are goods produced and used to make other goods and services. They include tools, machines, and factories used to produce goods.
factors of production
labor
labor
labor
factors of production
labor
all Natural Resources used to produce goods and services.
The question markets or governments are answering when they make decisions about how to efficiently convert resources in to goods and services is How to Produce? This is part of a planned economy which tries to improve productivity.
capital resources
What to produce