ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Productive resources are the ____ used to create goods and services
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materials & labor
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four main categories
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come from nature
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income when exported
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Explanation:
Detailed explanation-1: -In economics, factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
Detailed explanation-2: -Productive Resources-Productive resources are the natural, human, and capital re-sources used to make goods and services.
Detailed explanation-3: -Solved Question for You Answer: Human resource is known to be one of the superior resources as compared to the other resources like land and physical capital. It can make use of land and physical capital, however, land and physical capital cannot become useful on its own.
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