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Types of Resources
SOL 2.8 Economics - describe natural, human, and capital resources
Term | Definition |
---|---|
Natural resources | Materials that come directly from nature. |
Human resources | People working to produce goods and services. |
Capital resources | Goods made by people and used to produce other goods and services. |
Goods | Things people make or use to satisfy people's needs and wants. |
Services | Activities that satisfy people's needs and wants. |
Resources | Any natural or human wealth that can be used for satisfying human needs. |