ECONOMICS
PRODUCTIVE RESOURCES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
land and surgeon
|
|
|
capital and oil rig
|
|
|
labor and telephone wire
|
|
|
entrepreneurship and rice field
|
Detailed explanation-1: -Which example of productive resources is matched correctly? Capital and oil ring. An oil ring is a machine that is used to make something else, a define of “capital. “
Detailed explanation-2: -There are three basic productive resources: natural resources, human resources, and capital resources. Natural resources are things such as minerals, water, trees, and land itself. Several types of natural resources are used to make a pair of jeans.
Detailed explanation-3: -Capital resources are the man-made tools, factories, machinery and chemicals used to produce final goods and services. Entrepreneurs are people who develop ways to combine the other productive resources to produce goods and services. They take financial risks to bring these goods and services to market.
Detailed explanation-4: -Definitions and Basics Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit. The factors of production include land, labor, capital and entrepreneurship.
Detailed explanation-5: -Factors of production: land, labor, capital, and entrepreneurship, at Khan Academy. Entrepreneurship, from the Concise Encyclopedia of Economics. Natural Resources, from the Concise Encyclopedia of Economics. Learning Economics: Productive Resources, at Minecraft Education. More items