land, labor, capital and entrepreneurship
production materials
Factors of production
Productive resources: Human, Capital, Natural, Management, Entrepreneurs, and Technology
all Natural Resources used to produce goods and services.
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Factors of production
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.
Capital Goods.
The resources used to produce goods and services.
Productivity
The resources used to produce goods and services.