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  • 47 terms

    Term:

    3 Categories of Resources

    Definition:

    Land - any resource provided by nature used to produce good/service Labor- mental+physical capacity of workers to produce goods/services Capital- human made good used to produce other good/service (i.e. plants, machinery, equipment, NOT $)

    • ECON 330: Test 1
    • 47 terms
    • Vocabulary for ECON 330: Test 1. Find, create, and access Economics, Inflation, Gdp, GDP Chain Price, real GDP changes, flashcards with Course Hero.

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