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The general economic resources are the factors of production which are land, labor, capital and entrepreneurship. To produce goods, workers, raw materials, equipment and organizers are the required resources.
Wiki User
∙ 9y ago
Wiki User
∙ 14y agoThe four factors of production are: Land Labour Capital Entrepreneurship Expanding any one leads to an increase in output (assuming they are positive monotonic functions). However, as a particular factor is used in greater quantities the additional output gained from it decreases each time. Think of giving 3 students a computer to share, then giving them one more. Then another, now they have one each. If you give them one more they might use it a bit but its not going to improve their work output that much. This is known as decreasing returns.
Wiki User
∙ 14y agoHuman resources, Natural resources, and Physical resources!!
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What are three productive resources?
Human resources, Natural resources, Capital resources
What are the scarce productive resources?
me
If flow 1 is the cost businesses pay to the resources market then......?
Is the flow of productive resources.
Where are productive resources bought and sold?
Factor Market
What are the equilibrium price differentials for productive resources?
seaff
What are the 3 productive resourses?
The 3 productive resources are natural, human, and capital :)
What are the scarce productive resources?
me
What are three productive resources?
Human resources, Natural resources, Capital resources
Where are productive resources bought and sold?
Factor Market
What are the productive resources for making a webkinz?
I have not got a clue
What are the equilibrium price differentials for productive resources?
seaff
If flow 1 is the cost businesses pay to the resources market then......?
Is the flow of productive resources.
What are the three productive resources?
they are the three resources used to make profit and to make/sell things.
What are the right of individuals to control productive resources?
private property
Which of these most influences a nation toward specialization?
productive resources
What is the efficient use of productive resources?
the resources are certainly not used efficiently because there is a lot of waste age
Which productive resources help the Fabulous Factory specialize in truffles?
soil and climate (Natural Resources)
