Resources are Scarce
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Entrepreneur
A person who takes risks and gathers the resources to provide a new or improved good or service to the marketplace.
Productive resources
Basic resources used to produce goods and services: natural resources, human resources, capital resources, and entrepreneurial resources.
Capital resources
Man-made goods that are produced for the purpose of producing more goods and services.
Human resources
People performing mental and physical work to produce goods and services.
Natural resources
Resources that occur naturally in and on the earth; these resources are used to make goods and services.
