Final answer:
Business resources essential for production include natural resources, human resources, and capital resources. They consist of materials from the environment, employee labor and expertise, and tools and machinery, respectively. Entrepreneurs combine these to create products and services.
Step-by-step explanation:
Three key business resources that are essential for producing goods and services include natural resources, human resources, and capital resources. Natural resources are materials that come from the earth, sea, or air and are used to produce goods or services. Examples include water, timber, and minerals. Human resources, also known as labor, refer to the work and expertise that people contribute to the production process. This includes the skills, knowledge, and efforts of workers. Finally, capital resources entail the tools, equipment, machinery, and buildings used in the production of goods and services. These resources must be produced, such as factories and computers, and can be used to produce other goods and services. Entrepreneurs play a vital role in combining these resources to create new products and services, drive economic growth, and generate employment opportunities.