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What significance does human resources have in creating goods and services?
Wiki User
∙ 9y ago
Human resources (that is people!) are needed to make most products and bring them to market for purchase by other humans.
Wiki User
∙ 9y ago
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What people are creating when they make resources for producing other goods and services?
Capital
Is concerned with all of the activities involved in creating goods and services and the distribution of those goods and services to customers?
Me
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
Man-made goods used in the production of more goods and services are known as?
capital resources
What people are creating when they make resources for producing other goods and services?
Capital
Is concerned with all of the activities involved in creating goods and services and the distribution of those goods and services to customers?
Me
Do you believe Grenada resources is utilizing to produce goods and services?
i think there goods and services are excellent!!
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
Which social scientist primarely studies how people change resources into goods and services?
An economist primarily studies how people change resources into goods and services.
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
Man-made goods used in the production of more goods and services are known as?
capital resources
Economics is about the production of goods and services which requires the allocation of what?
Resources
Why goods and services are scarce?
All resources are scarce.
The means through which goods and services?
Economic Resources
What is a free rider in economy?
A free rider is someone who uses and benefits from goods, resources or services but does not pay for them. This can result in under-provision or exhaustion of goods, resources or services.
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.
