The four main categories of resources are
A) labor,money,capital,and inputs
B) capital,land,raw materials,and entrepreneurship
C) raw materials,money,labor,and capital
D) land,capital,labor,natural resources,and entrepreneurship
E) human capital,physical capital,labor,and natural resources

Question

Quizplus · Accepted Answer

The four main categories of resources are land, capital, labor, natural resources, and entrepreneurship. These are the resources that are used to create goods and services in an economy. Land refers to the natural resources such as forests and minerals, capital refers to the machinery and equipment used in production, labor refers to the workers who produce the goods and services, and entrepreneurship refers to the people who organize these resources and take the risks to start and operate a business. Raw materials and money are important resources, but they fall under the broader categories of natural resources and capital, respectively. Therefore, option D is the best choice.

The Four Main Categories of Resources Are