different types of resources available on earth
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Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.
The three main types of economic resources are also referred to as factors of production. Land (including all natural resources), Labor (including all humanresources), Capital (including all man-made resources), and when you combine all of those you get production.
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The three main types of economic resources are also referred to as factors of production. Land (including all natural resources), Labor (including all humanresources), Capital (including all man-made resources), and when you combine all of those you get production.
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Resources are of two types...
*Renewable resources
*Non renewable resources
EXAMPLES
#Renewable resources
Wind , ,water , Soil , etc
#Non renewable resources
Coal , petrol , crude oil , etc
hope it works
*Renewable resources
*Non renewable resources
EXAMPLES
#Renewable resources
Wind , ,water , Soil , etc
#Non renewable resources
Coal , petrol , crude oil , etc
hope it works
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