Asked by
Jazmyn Thomas
on Nov 11, 2024Verified
Which of the following broad categories are resources divided into?
A) People,money,and machines
B) Savings,spending,investment,and capital
C) Human,technological,and government
D) Natural resources,labor,capital,and entrepreneurial ability
E) Free,scarce,abundant,and unlimited
Entrepreneurial Ability
The imagination required to develop a new product or process, the skill needed to organize production, and the willingness to take the risk of profit or loss
Natural Resources
Assets derived from the earth such as minerals, forests, water, and fertile land that can be used for economic gain.
- Identify various resource categories and their functions in production processes.
- Describe the basic categories into which resources are divided.
Verified Answer
NM
Learning Objectives
- Identify various resource categories and their functions in production processes.
- Describe the basic categories into which resources are divided.