define the following
1)resources
2)human capital
3) investments
4)gross National product
5) libality
6) economic activity
7) primary activity
Answers
Answer:
1) a supply of something, a piece of equipment, etc. that is available for somebody to use.
2) the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
3) the act of putting money in a bank, business, property, etc.; the amount of money that you put in.
4)Gross National Product (GNP) is Gross Domestic Product (GDP) plus net factor income from abroad. Description: GNP measures the monetary value of all the finished goods and services produced by the country's factors of production irrespective of their location.
5) Liability : .
the state of being responsible for something
6) An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.
7) Primary activity includes those occupations which are closely related to man's natural environment. Gathering, hunting, fishing, lumbering, animal rearing, farming and mining are some of important examples of primary activities.
Answer:
Resource:- Anything that satisfy need is called a resource.
Human capital:-Human capital is an intangible asset or quality not listed on a company's balance sheet. ... This includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.
investments:- the act of putting money in a bank, business, property, etc.; the amount of money that you put in.
gross natural product:- Gross National Product (GNP) is Gross Domestic Product (GDP) plus net factor income from abroad.
libality:- the state of being responsible for something.
economic activity:- An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.
primary activity:-
Primary activity includes those occupations which are closely related to man's natural environment. Gathering, hunting, fishing, lumbering, animal rearing, farming and mining are some of important examples of primary activity.
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