Name __________________________________

Name ___________________________________

Resources

Resources are factors of production that are used in the production of goods and services. Types of resources are natural, human, capital, and entrepreneurship.

Natural Resources: “gifts of nature” that make production possible

Examples:

Human Resources (Labor): the physical and mental efforts that people contribute to the production of goods and services

Examples:

Capital Resources: the money, tools, machinery, and buildings used to make other products or provide services

Examples:

Entrepreneurship: individuals who start new businesses, introduce new products, and improve management techniques

Examples:

If you were running a construction company, what types of natural resources would you need?

Capital resources?

What types of natural resources can be found in the United States?

What types of natural resources can be found in Virginia?

What types of natural resources are very limited in the United States and therefore must be imported from other countries?

What are some of the capital resources that belong to our school system?

The human resources?

List some of the resources that WalMart uses.

Human:

Natural:

Capital:

Entrepreneurship: