Research Papers

There are four types of economic resources: land, labour, capital, and entrepreneurship.

Resources are the inputs that society uses to produce output, called goods. Resources include inputs such as labor, capital, and land.

What do you mean by resources? A resource is a physical material that humans need and value such as land, air, and water. Resources are characterized as renewable or nonrenewable; a renewable resource can replenish itself at the rate it is used, while a nonrenewable resource has a limited supply.