The first basic question of economics is 'how much is produced?.'The answer to this depends on the resources available to produce commodities which satisfy wants and on how efficiently the resources are used.economists divide resources into four categories-land,labour,capital and internship a brief introduction of these resource has been presented here.
land includes everything commonly called natural resources. It included the surface of the earth other resources provided by nature
such as minerals,waterfalls,river,forest and so on.Some resources are non-renewable.It they are used now,they will not be available in future such as oil and coil deposits.
land includes everything commonly called natural resources. It included the surface of the earth other resources provided by nature
such as minerals,waterfalls,river,forest and so on.Some resources are non-renewable.It they are used now,they will not be available in future such as oil and coil deposits.
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