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factors of production
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Related Questions
What are resources needed to make goods and services called?
capital
People who use resources to make goods andor provide services are called?
entreprenuer
What are natural resources that are used to make goods and services?
labor
When markets make economics decisions convert resources into goods and services?
Demand will always force markets to make economic decisions to convert resources into goods and services. Without demand. There is any reason to convert the resources.
Natural resources that are used to make goods and services are considered .?
labor
What are resources used to make all goods and services?
factors of production
Natural resources that are used to make goods and services are considered what?
labor
What are natural resources that are used to make goods and services considered?
labor
What are capital resources?
Capital resources are goods produced and used to make other goods and services. They include tools, machines, and factories used to produce goods.
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.
What people are creating when they make resources for producing other goods and services?
Capital
What is an efficient economy is one that is?
uses its resources to make the most goods and services.
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