Question

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Answer 1

Answer:

1. Land, labor, capital, and entrepreneurial ability which are used in the production of goods and services. They are economic resources because they are scarce (limited in supply and desired). Also called the factors of production.

2 Human beings change resources in two new form like people use natural resources to make buildings, bridges ,machinery and vehicles with the help of technology such resources are called human-made resourc.

Human resources is the set of the people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge which the individuals embody. Similar terms include manpower, labour, personnel, associates or simply people.