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which are the three types of productive resources? select all that apply.Asked by Staraporeon
what are the three types of productive resources select all that apply
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GPT-4o mini
The three types of productive resources are:
1. **Natural Resources**: These are raw materials that come from the Earth, such as land, water, minerals, and forests.
2. **Human Resources**: This refers to the labor force, which includes the skills, knowledge, and expertise of the workforce.
3. **Capital Resources**: These are man-made resources that are used in the production of goods and services, including machinery, buildings, and tools.
All three types of resources are essential for the production of goods and services in an economy.
1. **Natural Resources**: These are raw materials that come from the Earth, such as land, water, minerals, and forests.
2. **Human Resources**: This refers to the labor force, which includes the skills, knowledge, and expertise of the workforce.
3. **Capital Resources**: These are man-made resources that are used in the production of goods and services, including machinery, buildings, and tools.
All three types of resources are essential for the production of goods and services in an economy.
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