Economic resources are classified into two categories. These are natural resources (land), and human-made resources which (capital, enterprise and labor.)
Land, Labor, Capital, and Entrepreneurial Ability
Three broad categories of economic indicators are: Total Output, Income, and Spending, Employment, Unemployment, and Wages, and Production and Business Activity.
The three economic goals are Economic Efficiency (maximize production with resources available without overproduction), Economic Growth (must grow to keep up with population and increase standard of living), and Economic Stability (stable prices and decreased frequency of 'shocks').
Economic system is some sort of arrangements regarding the production of goods and services to satisfy human wants and needs.Economist deals with three questions to classify all economic system,which are:*What to produce?*How to produce?*For whom to produce?By answering these three questions economists make any economic decision.
Economic resources are classified into two categories. These are natural resources (land), and human-made resources which (capital, enterprise and labor.)
Land, Labor, Capital, and Entrepreneurial Ability
The three categories that make up freedom are political rights, civil rights, and economic freedom.
what are the 3 types of economic resources
Three broad categories of economic indicators are: Total Output, Income, and Spending, Employment, Unemployment, and Wages, and Production and Business Activity.
Business resources can be grouped into several categories. The most useful resources include financial resources, human resources, physical resources and intangible resources.
Scarcity of resources
Natural resources (such as water, minerals, and forests), human resources (including labor and skills), and capital resources (financial assets, machinery, and technology) are three main types of resources that are essential for economic development and production.
Tourism resources refers to the available source of wealth as far as tourism is concerned. The tourism resources can be divided into three categories namely the folk customs, the cultural sites, and the natural sites.
Economic resources are resources that help the place.
there are two types of economic resources: a. Property resources b. human resources
The three economic goals are Economic Efficiency (maximize production with resources available without overproduction), Economic Growth (must grow to keep up with population and increase standard of living), and Economic Stability (stable prices and decreased frequency of 'shocks').