GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Resources are categorized as ____
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labormoneyinvestors
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moneylaborbusiness
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laborgoodsservices
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moneylabormaterials
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Explanation:
Detailed explanation-1: -Labor refers to human resources (also called human capital)-physical or intellectual.
Detailed explanation-2: -Every society is endowed with resources which are used to produce the goods and services that enable it to survive and prosper. These resources, called productive resources, can be classified into three groups: natural resources, human resources, and capital resources.
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