Question What are the three types of productive resources? Select all that apply.

Answer 1

The three types of productive resources are:

1. Natural Resources: These are resources that are found in nature and can be used for the production of goods and services. Examples include land, water, minerals, and forests.

2. Human Resources: This refers to the labor force and the skills, knowledge, and experience that individuals bring to the production process. It encompasses workers and their abilities.

3. Capital Resources: These are the tools, equipment, and buildings used in the production of goods and services. Capital resources can include machinery, factories, and technology.

So, you would select all three types: Natural Resources, Human Resources, and Capital Resources.