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What are the three main economic resources used for making selling and using goods and services?
The three economic resources used for making, selling, and using goods and services are land, labor, and capital. Entrepreneurship is also a factor in making, selling, and using goods and services.
What are three factors of production?
Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.
What three latin American countries have become major producers of manufactured goods in recent years?
Brazil, Mexico, and ArgentinaBrazil, Mexico and Argentina do.Mexico, Brazil, and Chile.
State three assumptions underlying the PPF?
1) an economy's resources are fixed in both quantity and quality 2) the state of technology is constant 3) That 2 types of goods are produced 4) that the resources are completely mobile between the production of both goods hope that helps
What are the three types of resources for economics and explain each?
Natural - Raw materials supplied by nature.Human - The people who work to produce goods and services.Capital - The tools equipment and buildings that are used to produce goods and services.
What are three resources producers use?
The three resources used in agriculture are money, soil and man power.
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.
What are the three main economic resources used for making selling and using goods and services?
The three economic resources used for making, selling, and using goods and services are land, labor, and capital. Entrepreneurship is also a factor in making, selling, and using goods and services.
What are three factors of production?
Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.
What are three factors that create tensions in South America?
A growing population, the need for resources, and concern for the environment create tensions throughout the region.
What are three fresh water producers?
Three freshwater producers are:lotus,spirogyra,hydrilla.
What three latin American countries have become major producers of manufactured goods in recent years?
Brazil, Mexico, and ArgentinaBrazil, Mexico and Argentina do.Mexico, Brazil, and Chile.
Who are the three largest producers of oil?
Currently, the world's top three oil producers are:Saudi ArabiaRussiaUSA
What are 3 Latin American countries known for their oil resources?
Venezuela, Mexico and Brazil qualify as such; all three are within the 15 largest producers of oil in the world.
State three assumptions underlying the PPF?
1) an economy's resources are fixed in both quantity and quality 2) the state of technology is constant 3) That 2 types of goods are produced 4) that the resources are completely mobile between the production of both goods hope that helps
What are the three types of resources for economics and explain each?
Natural - Raw materials supplied by nature.Human - The people who work to produce goods and services.Capital - The tools equipment and buildings that are used to produce goods and services.
What are types of goods?
There are four different types of goods in economics which can be classified based on excludability and rivalrousness: private goods, public goods, common resources, and club goods. Private goods are products that are excludable and rival. Public goods describe products that are non-excludable and non-rival.
