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labour

capital

entrepreneurship

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Q: What are the classifications of economic resources?
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Classification of economic resources?

there are two types of economic resources: a. Property resources b. human resources


What are economic resourses?

Economic resources are resources that help the place.


Four basic types of organizational resources?

Classifications of organizational resources are: human resources, financial resources, physical resources, and technological resources.


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The three classifications of PFSTT are physical coercion, psychological coercion, and economic coercion. Physical coercion involves the use of force or violence to compel someone to engage in human trafficking. Psychological coercion involves manipulation, threats, or deception to control the victim. Economic coercion involves controlling a victim's financial resources or exploiting their economic vulnerability.


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Economic resources are classified into two categories. These are natural resources (land), and human-made resources which (capital, enterprise and labor.)


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What do you understand by basic economic problem?

The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources


What question must be asked about resources in an economic system?

How are the resources distributed?


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