Please enable JavaScript.
Coggle requires JavaScript to display documents.
Types of resources - Coggle Diagram
Types of resources
-
-
Land: The first type of resource is land which includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land. Some examples are oil, water, copper and natural gas.
Labor: Labor is the effort that people contribute to the production of goods and services. Labor resources include the work done by the waiter who brings your food at a local restaurant as well as the engineer who designed the bus that transports you to school.
-
Capital: Capital is the machinery, tools and buildings humans use to produce goods and services. Some common examples of capital include hammers, forklifts, conveyer belts, computers, and delivery vans.
-