Four Types of Productive Resources

capital resources

Capital resources are things that make work easier. Examples of capital resource are machines, factories, tools, and buildings. Whenever a company buys one of these things, they are INVESTING in their business.

human resources

Human resources are the skills that people have and the labor they perform. It includes physical AND mental talents. Construction workers AND Lawyers are examples of human resources.

Entrepreneurship

Entrepreneurship is the capacity or ability tor organizing the other three resources. People who START business are called entrepreneurs. When they start businesses they also create jobs for other people.

natural resources

Natural resources are acquired from the earth. Examples of natural resources are physical land, minerals, oil, and animals. Natural resources can be depleted, or used up. It is important to use natural resources wisely.