Types of Resources in Economics

Front

What is a capital resource?

Back

A capital resource is a man-made item used to produce goods and services, such as machines, tools, and buildings.

Front

Give an example of a capital resource.

Back

A tractor is an example of a capital resource.

Front

What are human resources?

Back

Human resources are people who have skills and knowledge that contribute to the production of goods and services.

Front

Give an example of human resources.

Back

People with skills and knowledge, like teachers or engineers, are examples of human resources.

Front

What type of resource is used to build buildings?

Back

A capital resource is used to build buildings.

Front

What is a natural resource?

Back

A natural resource is something found in nature that can be used to produce goods and services, like water, coal, or trees.

Front

Give an example of a natural resource.

Back

Coal is an example of a natural resource.

Front

What is the difference between capital resources and natural resources?

Back

Capital resources are man-made items used in production, while natural resources are found in nature.

Front

What are some examples of capital resources?

Back

Examples of capital resources include machines, tools, and buildings.

Front

What is an example of a natural resource that is not a capital resource?

Back

Air is an example of a natural resource that is not a capital resource.