0
Economic resources are the assets (things of value) which an economy (or business) may have available to supply and produce goods and services to meet the ever-changing needs and wants of individuals (in the case of a business) and society (in the case of society as a whole.)
Still curious? Ask our experts.
Chat with our AI personalities
LaoThe path is yours to walk; I am only here to hold up a mirror.
Chat with Lao
TaigaEvery great hero faces trials, and you—yes, YOU—are no exception!
Chat with Taiga
RossEvery question is just a happy little opportunity.
Chat with Ross
Add your answer:
Earn +20 ptsQ: What are economic resources?
Write your answer...
Submit
Still have questions?
Continue Learning about Economics
What are economic resourses?
Economic resources are resources that help the place.
Classification of economic resources?
there are two types of economic resources: a. Property resources b. human resources
What are economic resources including natural resources and capital resources?
factors of productions
What categories do economists use to classify economic resources?
Economic resources are classified into two categories. These are natural resources (land), and human-made resources which (capital, enterprise and labor.)
What do you understand by basic economic problem?
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
Trending Questions
Which of the following explains why scarcity is a basic fact of life?
What is fair and reasonable?
What is spot sourcing?
What must occur in order for an entrepreneur to earn a profit?
How does a mixed economic system affect demand and supply decisions by households and firms?
The disadvantages and advanterages of swot analysis?
What is utility for consumers?
Relationship of production function with other functional area of production management?
Why does marginal cost rise as production increases?
How much counterfeit money is printed each year?
Why media called as 4 estate?
National income withdrawls and injections?
Is America a poor or wealthy country?
What factors promote the growth of molds?
Can you get an extension after your unemployment runs out?
Explain the interrelationship between property utility and highest and best use?
What are the four primary functions of the federal reserve?
What are economic resourses?
Who said the quote things may come to those who wait but only things left by those who hustle?
What are the factors to be considered in order to succeed in tree crop production?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.