economic resources Flashcards
1
Q
Land
A
Finite and non-finite resources found on the planet, including animals, water and natural materials.
2
Q
Human capital
A
the value human labour brings to the production process.
3
Q
Labour Force
A
the population that can work.
4
Q
Capital
A
The equipment used to generate goods and services within the production process.
5
Q
Enterprise
A
The entrepreneurial actions (e.g. establishing businesses and taking risks) that individuals take to try and make a profit.
