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Goods, service, capital.
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What are the three types of resources of economics and why?
what are the 3 types of economic resources
What are the 3 types of economics?
Economics is the social science that analyzes the production, distribution, and consumption of goods and services.
3 main types of economic systems?
capital resources, human resources, & natural resources
Describe the key elements of studying economics?
The four key elements of economics are description, analysis, explanation, and prediction. Four elements of economics. 1. Alodium (earth) 2. Liberty (water) 3. Currency (air) 4. Resource (fire)
What is the definition of economics by Lionel Robinson?
"Economics is a science which studies humans behavior as a relationship between ends and scares means which have alternative uses" 1.Multiple End 2.All wants are not equally important 3.Scarce resources (i) real resources (ii)monetary Resources 4.Alternative of resources
List three types of resources and give an example each?
the 3 types of resources are natural resources human made resources
What is a non human resource?
In economics they typically classify 4 types of resources: 1. Land (natural resources like water, trees, oil, etc.) 2. Labor (human) 3. Capital (money, loans, etc.) 4. Entrepreneurship (people who take the risk to start a business)
What are 3 different types of natural resources?
Water, fuel, vegetation
What are the five basic problems of economics?
Five Baisc Problems of economics 1) Wat to Produce? 2) In what quantity ti be produced 3) How to Produce? 4) For whom to Produce? 5)How efficiently are the Resources being utilisec??
What are the scientific methods in studying economics?
1 identify the problem 2 make assumptions or hypothesis 3 gathering of data and information 4 data analysis 5 making a conclusion and recommendation
What are the 3 economics questions?
The 3 Economics questions are: 1) What to produce 2) For whom to produce 3) and How to produce.
Name 3 natural resources?
Natural resources come in all shapes and sizes. Water, air, trees, metal ores, land, oil, wildlife, etc. are all natural resources. Water and trees are renewable resources, meaning that we can always replenish our water supply and we can always grow more trees. While oil is a natural resource, it is not a renewable resource. There are limited amounts of oil in the world and they will run out eventually. ---- As far as THE three types, I'm not sure what your homework might be asking for, but there are more than three types of natural resources in the world.
