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factors of production

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Brandon Pagac

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3y ago

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What are natural resources that are used to make goods and services?

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.


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 resources used to make all goods and services called?

factors of production


What does economist mean by the term Land?

all Natural Resources used to produce goods and services.


When markets or governments make economic decisions about what goods and services their resources will be used to make?

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.


Man-made goods used in the production of more goods and services are known as?

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When market or governments make economic decisions about what goods and services their resources will be used to make what basic economic question are they answering?

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What are the three main economic resources used for making selling and using goods and services?

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