0
Four generally accepted types include: land, labour, capital, and human capital.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What categories do economists use to classify economic resources?
Economic resources are classified into two categories. These are natural resources (land), and human-made resources which (capital, enterprise and labor.)
What is last factor of production?
The factors of production are resources that are the building blocks of any economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, entrepreneurship and IT.
What three broad categories do economist use to classify all economic systems?
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.
Capital as economists use the term refers to what?
the profits that come from hiring and using labor and natural resources
Which word do economists use for fairness?
Economists use the word equity for fairness
What categories do economists use to classify economic resources?
Economic resources are classified into two categories. These are natural resources (land), and human-made resources which (capital, enterprise and labor.)
What are the two categories you use to classify everything in the universe?
matter and animatter ! :) GET SOME.
What is last factor of production?
The factors of production are resources that are the building blocks of any economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, entrepreneurship and IT.
What three broad categories do economist use to classify all economic systems?
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.
Capital as economists use the term refers to what?
the profits that come from hiring and using labor and natural resources
How many categories does the American Institute of Certified Accountants use to classify forensic accounting?
3; discovery, analysis, communication
Which word do economists use for fairness?
Economists use the word equity for fairness
What characteristics did you use to classify things?
You can use any sort of characteristic that you want. Classification is dividing things into categories based on their characteristics, so it can literally be anything at all.
Fertilizer used to grow pumpkins is an example of a factor of production.True of False?
True. they are capital. Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
How do you use classify in a sentence?
you can not classify this. How can you classify them?
How do modern taxonomists classify organisms?
They use genic similarities and physical similarities between animals to put them in the same "categories".
Why is productivity important to economists?
To satisfy the whole Economy's needs and wants with the use of scarce resources, and because Productivity applies to all factors of production.
