ECONOMICS
PRODUCTIVE RESOURCES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
metal tools
|
|
|
low-cost labor
|
|
|
an abundance of coal
|
|
|
a clean water supply
|
Detailed explanation-1: -Capital resources include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services.
Detailed explanation-2: -Capital resources vs. Natural resources are materials from the environment in their raw, unaltered forms. For example, oil, metal and wood are all natural resources. In contrast, capital resources like equipment are human-made. Human resources are people that contribute labor to a firm.
Detailed explanation-3: -The four major types of capital include working capital, debt, equity, and trading capital.
Detailed explanation-4: -Human, Natural, and Capital Resources Human resources are the workers. Natural resources are things that come from nature and are unchanged by human hands. Examples of natural resources are water, air, trees, minerals, and animals. Capital resources are man-made tools and equipment used to produce a product.