The Write Stuff
Printed on November 20th 2009
Natural Resources
"Gifts of nature" that can be used to produce goods and services; for example, oceans, air, mineral deposits, virgin forests and actual fields of land. When investments are made to improve fields of land or other natural resources, those resources become, in part, capital resources. Also known as land.
Production
The act, process or result of manufacturing or refining something.
Productive Resources
Natural resources, human resources, capital resources and entrepreneurship used to make goods and services.
Glossary terms from: http://www.econedlink.org/lessons/index.php?lid=397&page=teacher