Question:

What are main three kind of resources and how is each one defined?

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please help me i don't know much about social studies

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  1. I believe your question is about ECONOMIC THEORY.  The three types of resources used to develop basic economic theory are:

    Land

    Labor

    Capital

    Land or natural resource – naturally-occurring goods such as water, air, soil, minerals, flora and fauna that are used in the creation of products.

    Labor – human effort used in production which also includes technical and marketing expertise.



    Capital stock – human-made goods (or means of production) which are used in the production of other goods. These include machinery, tools and buildings. The classical economists employed the word capital in reference to money (gold) also.

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