7 Questions
What are human resources also referred to as?
Labor
Which of the following is an example of a natural resource?
Water
What is capital in the context of economic resources?
Money invested into a business
Which term refers to the idea that industries and businesses can rely on each other to help generate revenue?
Interdependence
What happens when there is a shortage of economic resources for a business?
Difficulty in production and distribution
Which type of economic resource is said to be running out?
Oil reserves
What do economic systems deal with in society?
Selection, production, distribution, and consumption of goods and services
Learn about the three kinds of economic resources: natural resources, human resources, and capital resources. Discover how these resources are essential for creating goods and services and how they are utilized in various industries.
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