What are resources, and what are the three kinds that economists have identified?

Answers

Answer 1

Explanation:

Economists have long recognized three distinct types of economic resources that people use to create the things they want. Natural Resources, Human Resources, and Capital Resources are the three types of economic resources, and they are also referred to as "factors of production".

Answer 2

Resources are all things that can be used in making products or services that people want. The three kinds of resources are natural resources, labour, and capital.

What are resources?

Resources refer to all the materials available in our environment which are technologically accessible, economically feasible and culturally sustainable and help us to satisfy our needs and wants. Resources can broadly be classified on their availability they are classified into renewable and non-renewable resources.

They can also be classified as actual and potential based on the level of development and use, based on origin they can be classified as biotic and abiotic, and based on their distribution, as ubiquitous and localised. An item becomes a resource with time and developing technology. The concept of resources has been developed across many established areas of work, in economics, biology and ecology, computer science, management, and human resources.

The benefits of resource utilization may include increased wealth, proper functioning of a system, or enhanced well-being.

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Related Questions

Please help

According to the section "The Mountain Ranges of Europe and Asia," what are the natural barriers between Europe and Asia?

Answers

The Ural Mountains are the northern barrier. The southern barrier is formed by the waters

Of the Dardanelles, the Sea of Marmara, and the Bosporus and Black Sea.

Describe the physical geography of the Arabian Peninsula. What makes life difficult here?

Answers

Answer:

The Arabian Peninsula mostly consists of a hot, arid desert. There are no major rivers or lakes aside from a few seasonal wadis. This makes both agriculture and daily life incredibly difficult, since both require large amounts of water.

When his team wins a basketball game, Joe says it is because his team is so good; however, when his team loses, he says it is because the referees made a lot of unfair calls. Joe is most clearly demonstrating self-serving bias, because he sees his team as being better than it is self-serving bias, because he sees his team as being better than it is A self-serving bias, because he thinks all referees are unfair self-serving bias, because he thinks all referees are unfair B conformity, because he sees his team as being

Answers

Answer:

Self serving bias, because he sees his team as better than it is

Explanation:

Joe is most clearly demonstrating self-serving bias because he sees his team as being better than it is. Thus, option A is correct.

What is an unfair call?

Unfair Calling coverage protects against losses resulting from an unfair calling by a government buyer or contractor of on-demand instruments, including bid, advance payment, and performance bonds, furnished in respect of a particular project.

Joe in this scenario is demonstrating a self-serving bias because he believes that his team is better than the other team. This has led to him questioning the actions of others involved in the game.

Such as the referees because he can't fathom the possibility that his team, and himself, were not good enough that day. In this Joe will be the one who will be feeling as the decision that is taken is unfair. Therefore, option A is correct.

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where did the Oregon trail begin and where did it end

Answers

The Oregon trail begin in Missouri and ended in Oregon

Answer:

What information is portrayed on this map?

HISTORICAL DATA

Where did the California Trail end?

MEXICAN TERRITORY

Where did the Oregon Trail begin?

THE UNITED STATES

Explanation:

yes

When Devyn came home from college for the holidays, he tried to have a conversation about politics with his elderly Aunt Sylvia. It turned out to be quite difficult because each of them kept referring to online news reports or commentary that the other had not seen or read. Sylvia was only getting information with a conservative angle while Devyn was only getting information with a liberal slant. This phenomenon is known as __________. Group of answer choices filter bubbles tracking pluralism simulacrum

Answers

Answer: filter bubbles

Explanation:

Filter bubble simply refers to the algorithms which have an impact on what people encounter online. In this case, the algorithm can guess the kind of information that the user will like due to the past personalized searches of the user or his or her location.

Since Devyn couldn't have a conversation about politics with his elderly Aunt Sylvia as they've different views, this is termed filter bubbles.

how do canada immigration policies reflect our underlying values and impact our canadian identity?

Answers

A 1971 policy first articulated the government's support for cultural diversity, and legislation in 1976 explicitly codified Canada's commitment to refugees, mandated federal and provincial officials develop immigration targets together, and cast immigration as a tool for meeting the country's cultural, economic,

How did women in Texas win this right to vote in 1918?

Answers

Answer:Texas women won the right to vote in primary elections in 1918. ... After Congress approved the 19th Amendment, at least 36 states needed to vote in favor of it for it to become law. This process is called ratification. Texas called a special session of its legislature on June 23, 1919 to vote on ratification.

Explanation: go0gle

Select the correct answer.
Which Florida court would handle cases that involve crimes committed by minors?
A.
probate court
B.
juvenile court
C.
federal court
D.
civil court

Answers

Juvenile

Explanation:

Pog Pog Pog Pog

The answer is C. Juvenile court.

Select all the correct answers. A worker is holding a filled gas cylinder still. Which two sentences are true about the energy of the filled gas cylinder? It has no energy because it’s being held still. It has gravitational potential energy because of its height. Its atoms and molecules have thermal energy. It has motion energy because it will fall if let go. Its kinetic energy is being converted to potential energy.

Answers

Answer:

I'd say it has motion energy because it will fall if let go. It has gravitational potential energy because of its height.

Answer:

the correct answers are : It has gravitational potential energy because of its height.

Its atoms and molecules have thermal energy.

Explanation:

I took the test on Edmentum and got it right

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