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Economic Resources
Economic Resources
Economic Resources
Resources
To carry out economic activity. The
word "resource" means "everything that
can be used for business." All types of
resources used in the production process
are called economic resources, or factors
of production.
TYPES OF ECONOMIC RESOURCES
material human
resources resources
entrepreneurial
capital
abilities
MATERIAL
RESOURCES
Land is the name of all the benefits of nature that people use
in the production process: land, subsoil, water, forest,
biological, agroclimatic and all other types of natural
resources.
With the development of
economic relations, it becomes
obvious that living conditions are
not the same everywhere and
change over time, and the wealth
that can be obtained from the use
of land depends on the quality of
the land itself and the ways of
management.
Capital - all means of production created by human;
buildings, equipment, machines, materials, tools, as
well as money, monetary capital used to organize
production.
The term "capital" is often used in different
meanings: monetary capital - funds intended for
the organization and expansion of production,
for the purchase of instruments, materials and
raw materials.
MATERIAL CAPITAL - means of production of
long and short-term use;