Topics
Economic Resources
In economics, we think of economic resources as the inputs or factors of production used to produce goods and services.
The most commonly-used framework for classifying economic resources is the four factors of production:
- Land: Physical space, natural resources, and other gifts of nature.
- Labour: The effort and skills of workers.
- Capital: Physical assets used to produce goods and services, like machinery, buildings, and equipment.
- Entrepreneurship: The efforts of individuals who coordinate the other factors of production to create goods and services.
-
Food versus Land - the debate about Solar
28th April 2024
-
4.1.1.3 Economic Resources (AQA A Level Economics Teaching Powerpoint)
Teaching PowerPoints
-
4.1.1.3 Economic Resources
Study Notes