Microeconomics 4.1.1.3 - Economic Resources

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  • LAND
    • 4.1.1.3 - Economic Resources
      • LABOUR (Human Capital)
        • Human input into production
          • Benefit: Wages for workers
      • CAPITAL
        • Equipment to produce goods & services
          • Benefit: Interest from loans to pay for equipment / profit from leasing
      • ENTERPRISE
        • Individual who supplies product / investment
          • Benefit: Profit
    • All natural physical resources (the environment is a scarce resource)
      • Benefit: Owner gets rent

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