3d) Resources

Question 1

What are natural resources?

Answer 1

Natural resources are items from
the organic environment that are
used in the production of goods
and services.

Question 2

What are labour resources?

Answer 2

Labour resources are the people
who provide the business with
their skills and qualifications to
conduct business activities.

Question 3

What are capital resources?

Answer 3

Capital resources are man-made
goods used in the production of
goods and services.