Question

Which of the following are the three major categories of resources?

A. institutions, human capital, land
B. physical capital, technology, institutions
C. land, labor, technology
D. labor, physical capital, technology
E. natural resources, physical capital, human capital

Answer 1

E. Natural resources, Physical capital and Human capital

Step-by-step explanation:

The above are the three major categories of resources because natural resources such as air, water etc are given by nature thus essential and constitute an important part of resources. Also, physical capital such as buildings, assets, motor vehicles etc are owned by a business or an organization to carryout daily business activities hence one of the major categories of resources.

Human capital is responsible for employing people to manage and control the natural resources and physical capital.