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Need help Name the productive resources or factors of production needed (one for each category) when building a house
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Name the productive resources or factors of production needed (one for each category) when building a house

User Neil Locketz
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2 Answers

11 votes
Natural resources
Labor
Capital
Entrepreneurs
User Darkerstar
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12 votes

Answer:

There are four categories of resources, or factors of production:

Natural resources (land)

Labor (human capital)

Capital (machinery, factories, equipment)

Entrepreneurship

User Freaky Thommi
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