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labor
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Natural resources that are used to make goods and services are considered what?
labor
Natural resources that are used to make goods and services are considered .?
labor
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
What natural resources that are used to make goods and services are considered?
Natural resources that are used to make goods and services and are considered finite include minerals (such as copper, iron, and coal), petroleum (oil and gas), and forest products (such as wood and paper). Other resources like water, air, and sunlight are considered renewable but can also be depleted if not managed sustainably.
What are natural resources that are used to make goods and services?
labor
What are the three main kinds of resources and how is each one define?
The three main kinds of resources are natural, human, and capital. Natural Resources are gifts of nature, human resources are skills people have to produce goods and services, and capital resources are the things people make, such as machines and equipment, to produce goods and services.
The resources used to make all goods and services are the?
factors of production
What are the 2 basic natural resources that economic systems allocate?
Money, goods & services
What is the Combining of human capital natural and entrepreneur resources to make goods and services?
An entrepreneur.
The initiative to combine natural human and capital resources to produces goods and services is an example of what kind if resource?
Entrepreneurial Resources
What is needed to produce goods and services?
Productive resources: Human, Capital, Natural, Management, Entrepreneurs, and Technology
Why do countries differ in their capacities to produce different goods and services?
Due to there capabilities by there natural resources and labor.
