ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ resources are people working to produce goods or provide services.
A
Capital
B
Human
C
Natural
D
Manufactured
Explanation: 

Detailed explanation-1: -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-2: -Capital is any human-made resource that is used to produce other goods and services.

Detailed explanation-3: -First, students will learn about three types of resources (human, natural, and capital) that are a part of communities and cultures.

Detailed explanation-4: -Answer and Explanation: A human-made commodity is called capital goods. Physical resources are known as capital goods, and they are used by businesses to create goods and services that customers will eventually purchase. Buildings, equipment, tools, and machinery are examples of capital goods.

There is 1 question to complete.