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Economic resources
- Land is natural resources.
- Labor is the human resources. It is work time and work efforts that people devote for producing goods and services.
- Capital is the tools, instrument, machines, and building that are used to produce goods and services.
- Entrepreneurship is the human resources that perform the functions of organizing, managing, and assembling the other resources to produce goods and services. Is the person who responsible for the production process and bears the business risk.
