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For an economy to function, it must have human labor. This includes a long list of types of labor in order to make an economy viable. Therefore, the resources of an economy run from scientists to teachers to business people to factory and farm workers.
Wiki User
∙ 8y ago
Wiki User
∙ 8y agoThe labor force is an economic resource.
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What does efficient resource allocation mean?
economic resources-land, labor and capital-will be used for their most valuable purposes.
Is land an example of an economic resource?
definition of land resource
What is economic depletion of a resource?
The cost of further extraction will exceed the value of the resource.
What do economists NOT consider to be a productive economic resource A Land B Capital goods C Money D Labor?
A share of corporate stock issued by General Motors (GM). food
Is a forest a natural and or economic resource?
Both.
What does efficient resource allocation mean?
economic resources-land, labor and capital-will be used for their most valuable purposes.
Is the labor means to economic development?
No labor means not economic development.
Is labor an unlimited resource?
no
Is land an example of an economic resource?
definition of land resource
What is economic resource difficulty?
The main economic resource of difficulty is scarcity of resources.
How resource constrain guide you to take major economic decisions?
How resource constrain guide you to take major economic decisions?
What is the definition of labor in economics?
the definition of labor and economic
What is a mixed economic resource?
yourmum
What is the name of the resource you exchange when you work?
Labor
What is economic depletion of a resource?
The cost of further extraction will exceed the value of the resource.
What do economists NOT consider to be a productive economic resource A Land B Capital goods C Money D Labor?
A share of corporate stock issued by General Motors (GM). food
What is the main economic resource in Russia?
oil
