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Why are capital resources and human resources important for producing goods and services?
Wiki User
∙ 11y ago
The difference is a natural resource is well natural. While capital is man made. Like an example for natural could be wood, while a capital recourse could be paper. Get it? I might not be right, but I'm pretty sure this is correct. Hope this helps!
Wiki User
∙ 14y ago
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What people are creating when they make resources for producing other goods and services?
Capital
Is an oven a capital resources?
Yes? Capital resources refers to machinery and also producing goods.
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 resources needed to make goods and services called?
capital
Man-made goods used in the production of more goods and services are known as?
capital resources
What people are creating when they make resources for producing other goods and services?
Capital
Why are capital resources and human resources important for foods and services?
They are important resourcesto use forany things so the resources can make foods and sevices
Is an oven a capital resources?
Yes? Capital resources refers to machinery and also producing goods.
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 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.
What are the 3 enconomic resources?
Human, Capital and Natural resources.Human resources - The quantity and quality of human effort directed toward producing goods and services (also called labour).Capital resources - Goods made by people and used to produce other goods and services. Examples include buildings, equipment and machinery.Natural resources - "Gifts of nature" that are used to produce goods and services. They include land, trees, fish, petroleum and mineral deposits, the fertility of soil, climatic conditions for growing crops, and so on.
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.
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
