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What are Productive Resources?

What are Productive Resources?. They are resources people use to produce goods and services. Economists divide these resources into three categories. Natural Resources. They are present without human intervention. Examples: plants, animals, copper. Human Resources.

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What are Productive Resources?

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  1. What are Productive Resources? • They are resources people use to produce goods and services. • Economists divide these resources into three categories.

  2. Natural Resources • They are present without human intervention. • Examples: plants, animals, copper

  3. Human Resources • They are the quantity and quality of human effort directed toward producing goods and services. • Examples: plumber, teacher

  4. Capital Goods Resources • They are goods people produce and use to make other goods and services. • Examples: delivery truck, computer

  5. Types of Natural Resources • Renewable – can be regenerated in nature • Perpetual – a renewable resource that comes from sources that are virtually inexhaustible such as the sun or wind. • Nonrenewable – humans can’t create them so they can’t be replenished such as minerals.

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