Name three main types of resource
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These resources, called productive resources, are often classified into three groups: natural resources, human resources, and capital resources. Natural resources (often called land) refer to resources such as coal, water, trees, and land itself. Raw materials used in production come from natural resources.
Air, water, food, plants, animals, minerals, metals, and everything else that exists in nature and has utility to mankind is a 'Resource'. The value of each such resource depends on its utility and other factors
The Four Types of Resources. Resources are the Land , Labor , Physical Captial , Human Capital , and Entrepreneurship . Land -The land that we use in the production of goods and services.
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