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Standard: SS3E1Define and give examples of the four types of productive resources.

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Standard: SS3E1Define and give examples of the four types of productive resources.

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I can statement:

I can identify and give example of each of the four types of productive resources.

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A natural resource is something that occurs naturally in or on the earth that is used to produce goods and services.

Examples include land, trees, oil, water, minerals, or anything else that comes from nature.

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Human resources are the quantity and quality of human effort available to produce goods and services.

Examples include construction workers, farmers, firefighters, plumbers, etc.

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Capital resources are man-made goods used to produce other goods and services.

Examples of capital resources include buildings, machinery, tools, and equipment.

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used to produce goods and services.

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productive resources, natural resources, human resources, capital resources, entrepreneurship

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Entrepreneurship is a characteristic of people who assume the risk of organizing productive resources to produce goods and services. Entrepreneurs utilize natural, human and capital resources.

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List one type of natural, human entrepreneurship and capital resources that we encounter in our everyday lives.

Write a short description for each resource and why it is important to us.

Share and discuss with your neighbor.