What are the 3 productive resources?

Answer 1

The general economic resources are the factors of production which are land, labor, capital and entrepreneurship. To produce goods, workers, raw materials, equipment and organizers are the required resources.

Answer 2

The four factors of production are: Land Labour Capital Entrepreneurship Expanding any one leads to an increase in output (assuming they are positive monotonic functions). However, as a particular factor is used in greater quantities the additional output gained from it decreases each time. Think of giving 3 students a computer to share, then giving them one more. Then another, now they have one each. If you give them one more they might use it a bit but its not going to improve their work output that much. This is known as decreasing returns.

Answer 3

Human resources, Natural resources, and Physical resources!!