Hi! Im an eighth grader, and i study Economics at school. What is the meaning of Economic resources eh?
Answer: "Economic resources comprise of human beings and all other things which they use to produce the goods and services to satisfy human wants."
Is that good enough?
there are two types of economic resources: a. Property resources b. human resources
Economic resources are resources that help the place.
Economic resources are classified into two categories. These are natural resources (land), and human-made resources which (capital, enterprise and labor.)
factors of productions
The main economic resource of difficulty is scarcity of resources.
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
what are the 3 types of economic resources
How are the resources distributed?
Roland M. Harper has written: 'The natural resources of Georgia' -- subject(s): Natural history, Economic conditions, Natural resources 'A forest census of Alabama by geographical divisions' 'Economic botany of Alabama' -- subject(s): Botany, Economic, Economic Botany, Plants 'Resources of southern Alabama' -- subject(s): Economic geography, Economic conditions, Natural resources
industry
Oil.
Scarcity is the basic economic problem that arises because people have unlimited wants but resources are limited.