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What are resources needed to make goods and services called?
capital
The resources that contribute to the creation of wealth are?
The resources that contribute to the creation of wealth include natural resources, such as minerals and land; human resources, which encompass labor and skills; and capital resources, like machinery and technology. Additionally, entrepreneurship plays a crucial role by combining these resources to innovate and create goods and services. Together, these elements drive economic growth and increase overall wealth in a society.
What people are creating when they make resources for producing other goods and services?
Capital
Man-made goods used in the production of more goods and services are known as?
capital resources
How do capital resources increase production for a company?
Capital resources equal more goods and services produced in the future, for a higher profit. This is how having more resources increases production and profit in the long term.
What is the name of the process in which you apply resources to obtain products?
Concept is the name of the process in which you apply resources to obtain products.
What are resources needed to make goods and services called?
capital
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.
Form of capital resources?
Capital resources are items made and used to make other goods and services. The basic categories of capital resources are tools, equipment, buildings and machinery.
Name the 4 factors of production and give examples of each?
The four factors of production are land, labor, capital, and entrepreneurship. Land refers to natural resources like water, minerals, and agricultural land. Labor includes the physical and mental effort of individuals contributing to production. Capital encompasses man-made resources such as tools, machinery, and buildings. Entrepreneurship involves the innovation and organization of resources to create goods and services, exemplified by individuals like Steve Jobs or Elon Musk.
The resources that contribute to the creation of wealth are?
The resources that contribute to the creation of wealth include natural resources, such as minerals and land; human resources, which encompass labor and skills; and capital resources, like machinery and technology. Additionally, entrepreneurship plays a crucial role by combining these resources to innovate and create goods and services. Together, these elements drive economic growth and increase overall wealth in a society.
What are capital resources?
Capital resources are goods produced and used to make other goods and services. They include tools, machines, and factories used to produce goods.
What people are creating when they make resources for producing other goods and services?
Capital
Man-made goods used in the production of more goods and services are known as?
capital resources
How do capital resources increase production for a company?
Capital resources equal more goods and services produced in the future, for a higher profit. This is how having more resources increases production and profit in the long term.
The initiative to combine natural human and capital resources to produces goods and services is an example of what kind if resource?
Entrepreneurial Resources
What are any resources that are made by humans and used to create other goods and services?
capital
