Question

what are the categories of resources?​

Answer 1

Answer:

The following are the four basic types of economics resources:

1. Land – natural resources such as iron ore, gold, diamonds, oil, etc.

2. Labor – human resources such as wage-earning workers,

3. Capital – plants and equipment used in the production of final goods, such as assembly lines, trucks, heavy duty machinery, factories, etc.

4. Entrepreneurship – The marsheller of resources, the person or group that marshals resources in the production of final goods.

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