Economic resources (1.1.3) 0.0 / 5 ? EconomicsEconomic resources (1.1.3)ASAQA Created by: lee42Created on: 05-04-19 10:10 What is capital? It is the equipment used to generate goods/services witihin production process 1 of 7 What is the traditional theory of the firm? To make profit 2 of 7 What is human capital? It is the value that labour force brings to the production process 3 of 7 What is labour force? It is the total population that can work 4 of 7 What is Land? It is finite and non finite resources found on the planet 5 of 7 What is enterprise? It is the action of establishing a business/take risks to make profit 6 of 7 What are the economic resources? Land/labour/capital/enterprise 7 of 7
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