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Which of the following is NOT considered by economists to be and economic resource

A. money
B.factory workers
C.computers at a retail store.
D.a forest

1 Answer

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Final answer:

Money is not considered an economic resource by economists because it does not directly contribute to the production of goods or services; it is a medium of exchange. Factory workers represent labor; computers at a retail store are capital, and a forest is a natural resource, all of which are considered economic resources.

Step-by-step explanation:

The question at hand is asking which of the following options is not considered an economic resource by economists. To answer this, we must understand what economists define as the factors of production.

Factors of production include:

  • Natural resources such as land and raw materials, which would include things like forests and minerals.
  • Labour, which includes factory workers and their efforts in production.
  • Capital, including computers at a retail store, which are essentially goods used to produce other goods and services.
  • Entrepreneurship, which drives the creation and running of businesses.

Money, however, despite being essential within an economy for transactions, is not considered a factor of production, or an economic resource in the same way as the other three because it is not directly used to produce goods or services but rather is a medium of exchange.

Therefore, the correct answer is B. money, as it is not considered an economic resource by economists while factory workers, computers at a retail store, and a forest are.

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