ECONOMICS
PRODUCTIVE RESOURCES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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they are used to create another good or service.
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they are not used by everyone
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they take too much work
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they are only used for capital cities
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Detailed explanation-1: -Capital resources are human-made resources used by a company to create goods and services. With capital goods, companies can remain productive and keep serving their customers. A capital resource can be equipment and machinery or even infrastructure.
Detailed explanation-2: -4 Key Resources-The four basic kinds of resources used to produce goods and services: land or natural resources, labor or human resources, capital, and entrepreneurship.
Detailed explanation-3: -Productive resources are the natural resources, human resources, and capital goods available to make goods and services. Natural resources, such as land, are “gifts of nature; ” they are present without human intervention.
Detailed explanation-4: -The third factor of production is capital. Think of capital as the machinery, tools and buildings humans use to produce goods and services. Some common examples of capital include hammers, forklifts, conveyer belts, computers, and delivery vans.