Question

what do you meant by economic resource
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Answer 1

Answer:

Economic resources are the factors used in producing goods or providing services. ... Economic resources can be divided into human resources, such as labor and management, and nonhuman resources, such as land, capital goods, financial resources, and technology.

Explanation:

Answer 2

Answer:

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.