Productive Resources. In economics it is most common to divide productive resources into three simple categories land labor and capital which are sometimes called the basic factors of production. It comprises of water minerals forests etc.
Productive resources are input resources required in the production of goods and services. Capital referring to man made resources used in the process of production. In support of product development manufacturing and downfield product support.
In economics it is most common to divide productive resources into three simple categories land labor and capital which are sometimes called the basic factors of production.
Natural resources oftenly called land. It comprises of water minerals forests etc. In economics it is most common to divide productive resources into three simple categories land labor and capital which are sometimes called the basic factors of production. An economic resource is something is relied on and used to achieve an economic goal.
