Economic resources are the factors used in producing goods or providing services. That is, they are the inputs that are used to create things or help an individual to provide services.
Economic resources can be divided into human resources, such as labor and management, and nonhuman resources, such as land, capital goods, financial resources, and technology. There are four types, namely; capital, labor, land, and entrepreneurship.
Capital resources are those resources that are used to manufacture other goods and services in future.
