February 27, 2017

Homework Help: economics

Posted by yard ape on Monday, September 11, 2006 at 8:40pm.

what are the three main types of resources used for making,selling,and using goods and services?
a. soil,water,air
b. money,barter,credit,,silver,bronze

I would not go with any of your choices.

We generally think of the three factors of production as land, labor, and capital. Land includes all natural resources such as soil, air, water, oil, etc. Labor is human effort. And capital includes both the tools used and financial backing.

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