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"Labor is the ability of people to do work, you need Labor to make goods and provide services" "Capital is money and goods used to help people make or do things , you need a Capital to run business" Found by Discovering our past! A history of the world Early ages!

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How Goods Services are produced?

goods and services in a market economy should be produced by labor. capital is needed so that physical products are produced by labor. capital tends to make labor more productive. in order to makes products land is needed to create for labor. labor is used to create capital on land to produce wealth.


What are resources needed to make goods and services called?

capital


Why must firms make decisions about which goods they will produce?

because firms have access to limited resources of land, labor, and capital


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.


Is fast food a capital resource?

Fast food is not a capital resource. A capital resource refers to equipment or goods that are used to make other goods and services.


Chavez said that while capital and labor make the land what it is what really counts is?

labor


Chávez said that while capital and labor make the land what it is what really counts is?

labor


What are natural resources that are used to make goods and services?

labor


Natural resources that are used to make goods and services are considered .?

labor


Natural resources that are used to make goods and services are considered what?

labor


What are natural resources that are used to make goods and services considered?

labor


Why did Mesopotamia make numbers?

Mesopotamia made numbers because they needed a way to count their goods. They also needed it to sell their goods. They needed to count their money. Mesopotamia made numbers because they needed a way to count their goods. They also needed it to sell their goods. They needed to count their money.