A | B |
factors of production | resoures that are used to produce goods and services. |
capital resources | stuff such as machines,buildings, and money |
labor | any person who contributes physical or mental energy production process |
labor force | any one over 16 that has a job |
scarcity | the lack of something |
natural resources | a foctor of production that comes from the air,water, and earth |
economic resources | a resource that can be to create goods and services |
renewable resources | a resource that can renew itself |
nonrenewable resources | a resource that can't be replace or renewed |
human resources | a person who contributes physical or mental energy to the production services. |