Economists generally classify economic resources into what three categories?
A) men, money, and machines
B) savings, spending, and investment
C) land, labor, and capital
D) physical, human, and technological
E) employed, unemployed, and free

Question

Quizplus · Accepted Answer

Economists generally classify economic resources into three categories: land, labor, and capital. Land refers to all natural resources, labor refers to human effort both physical and mental, and capital refers to man-made resources such as tools, equipment, and machinery used in production.

Economists Generally Classify Economic Resources into What Three Categories