3. Economic resources
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9 Terms
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economic reasorces acronym
CELL
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economic resources
capital, enterprise, land and labour
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capital
a man made resource used in the production of a good or service
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examples of capital
tractor, machineary, tools
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Factors of production are _____ to produce ….
inputs to produce the output of goods and services
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the environment is a _______ resource
scarce
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which FoP are environmental reasources a part of
Land
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renewable resources are
resources that will replenish faster than depleted
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Human capital
The value human labour brings to the production process
Note 
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