Natural goods are products derived from Natural Resources, typically involving minimal human intervention in their extraction or processing. These can include raw materials like timber, minerals, and agricultural products, as well as organic goods like fruits and vegetables. They are often valued for their sustainability and environmental benefits, as they tend to have a lower ecological footprint compared to synthetic or heavily processed alternatives. Examples include organic cotton, wild-caught seafood, and sustainably harvested timber.
all Natural Resources used to produce goods and services.
Public goods are non-excludable, so they suffer from a free-rider problem.
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factors of production
all Natural Resources used to produce goods and services.
steel,petrochemical,natural gas are some goods imported
Public goods are non-excludable, so they suffer from a free-rider problem.
exports primary goods. primary good are natural so cotton, crops and anything else natural. it doesnt export manufactured goods as they are to expensive and kenya is an LEDC (low economically developed country)
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cost of goods sold has a natural debit or credit balance
A natural debit because its an expense which are always debits.
soler energy,and manufactured goods
natural waterways
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