Economic resources: แบบฝึกหัด

Which factor of production is specifically defined by economists as the human-made aids to production, such as machinery and factories?

Which of the following would be considered a non-renewable resource in the context of economic factors of production?

Distinguish between renewable and non-renewable resources, providing one example for each.

Analyze why the environment is considered a scarce resource in the context of sustainable productive activity.

Identify the four factors of production used by economists to classify economic resources.

(a) Explain the difference between renewable and non-renewable resources, providing one example of each.

(b) With reference to the fundamental economic problem, explain why the environment is considered a scarce resource.