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Jazmyn Thomas
on Nov 11, 2024

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Which of the following broad categories are resources divided into?

A) People,money,and machines
B) Savings,spending,investment,and capital
C) Human,technological,and government
D) Natural resources,labor,capital,and entrepreneurial ability
E) Free,scarce,abundant,and unlimited

Entrepreneurial Ability

The imagination required to develop a new product or process, the skill needed to organize production, and the willingness to take the risk of profit or loss

Natural Resources

Assets derived from the earth such as minerals, forests, water, and fertile land that can be used for economic gain.

  • Identify various resource categories and their functions in production processes.
  • Describe the basic categories into which resources are divided.
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Niguel MooreNov 15, 2024
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