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Economic resources

Economic resources are the land, labor, capital and entrepreneurial ability that are combined to produce outputs that meet human needs.

Economic resources are the assets (things of value) which an economy (or business) may have available to supply and produce goods and services to meet the ever-changing needs and wants of individuals (in the case of a business) and society (in the case of society as a whole.)

They earn, rent, wages, interest, and profit, respectively as their resource payments.

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