Which set of broad categories are resources divided into?
A) people, money, time, and machines
B) saving, spending, investment, and capital
C) human, technological, environmental, and government
D) natural resources, labour, capital, and entrepreneurial ability

Question

Which set of broad categories are resources divided into?  
A) people, money, time, and machines 
B) saving, spending, investment, and capital 
C) human, technological, environmental, and government 
D) natural resources, labour, capital, and entrepreneurial ability

Quizplus · Accepted Answer

Resources are traditionally divided into four broad categories: natural resources, labour, capital, and entrepreneurial ability. People, money, time, and machines (A) are all factors of production that fall under these categories. Saving, spending, investment, and capital (B) refer to financial transactions and concepts, but do not encompass all types of resources. Human, technological, environmental, and government (C) are all important factors in economic development, but do not categorize resources in the traditional sense.

Which Set of Broad Categories Are Resources Divided Into