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Identify and describe each of the productive resources and explain why they are necessary for the production of goods and services. Be sure to give examples in your response.
You must use complete sentences when writing your response.

Respuesta :

ewi

Answer:

natural, human, and capital goods

Explanation:

natural resources are needed to at least lead up to the creation  of practically everything.

human resources (human skills contributing to the creattion of a product) are needed to make more complex and high quality products

capital goods (human made resources needed to produce good and services ie buildings tools equipment) allow for people to make many different kinds of goods easier

The resources that are important for the production of goods and services are :

Natural resources

Labor or Manual resources

Capital resources

Natural resources :

  • Natural resources are the materials that are obtained by the natural sources from the earth that are used to make goods.
  • Natural sources can be soil, water, sunlight, raw materials form the earth crust.
  • Example are coal, iron ore, gold, wood, etc.

Labor resources :

  • Human resources are mainly the man force or labor force.
  • They are required in any manufacturing organization to carry out a particular task or operation to manufacture goods.
  • Examples are technicians, labors, managers, etc.

Capital resources :

  • Capital resources are defined as the machines or the man made tools or infrastructure that are required to manufacture goods.
  • Examples are buildings, computers, machineries, vehicles, etc.

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