Title: Differentiate among economic resources.
Course: Agricultural Business Fundamentals I (18201-I) > Section: Understanding Basic Economics

Differentiation should include

- factors of production, intermediate goods, labor (i.e., human resources)
- capital resources (i.e., man-made, such as tools, buildings, and equipment)
- natural resources (i.e., those provided by nature).

Process/Skill Questions:

- How are labor resources involved in the production of goods and services?
- How are capital resources incorporated into the goods and services being produced?
- How are natural resources used in the production of goods and services?
- How do natural, capital, and human resources result in the delivery of goods and services?
- How can technologies improve factors of production?