What Resources Of Production Go Unused Or Are Wasted When An Economy Is In Recession? Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. What are the 4 resources
What Are Resources That Exist Without Human Intervention? Natural resources are things that occur naturally in the world and can be used to pro- duce a good or service. These resources are gifts of nature and are present without human intervention. Examples of natural resources are natural gas, granite, deer and minerals. What are some
What Are Some Examples Of Economic Resources? There are four economic resources: land, labor, capital, and technology. Technology is sometimes referred to as entrepreneurship. Natural resources that are used in the production of goods and services. Some examples of land are lumber, raw materials, fish, soil, minerals, and energy resources. What are the 5 economic