Microeconomics 4.1.1.3 - Economic Resources
- Created by: bep.decruz
- Created on: 06-12-19 10:53
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- LAND
- 4.1.1.3 - Economic Resources
- LABOUR (Human Capital)
- Human input into production
- Benefit: Wages for workers
- Human input into production
- CAPITAL
- Equipment to produce goods & services
- Benefit: Interest from loans to pay for equipment / profit from leasing
- Equipment to produce goods & services
- ENTERPRISE
- Individual who supplies product / investment
- Benefit: Profit
- Individual who supplies product / investment
- LABOUR (Human Capital)
- All natural physical resources (the environment is a scarce resource)
- Benefit: Owner gets rent
- 4.1.1.3 - Economic Resources
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