4.1.1.1 - AQA Economics - Economic Resources
Автор: tutor2u
Загружено: 2023-09-24
Просмотров: 4681
Описание:
Economic resources, also known as factors of production, are the inputs used to create goods and services. There are four main types of economic resources: land, labor, capital, and entrepreneurship. Land refers to all of the natural resources available for production, including the soil, water, and minerals in the earth. Labor refers to the workers who provide the labor required to produce goods and services. Capital refers to the man-made resources, such as machinery and buildings, used in production. And finally, entrepreneurship refers to the skills and knowledge required to organize and manage the other resources.
#aqaeconomics #economics #microeconomics
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