4 Types of Resources


4 Types of Resources from chapter two- micro
Olivia t
Mind Map by Olivia t, updated more than 1 year ago
Olivia t
Created by Olivia t over 6 years ago

Resource summary

4 Types of Resources
  1. 1. Labor: includes all types of work, ex: human capital (knowledge & skills)
    1. 2. Capital aka Physical Capital: manufactured resources like building, equipment, machines
      1. 3. Natural Resources: land, location, climate, water, vegetation, nature, gifts of nature
        1. 4. Entrepreneurship: operating business, bringing together factors of production to produce and sell goods and services
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