Question

Match these terms.

Answer 1

Answer:

• Human resources : people in society who are producers
• Capital goods : man-made resources used in production
• division of labor : one person does a small portion of work
• natural resources : materials found in nature which man puts in his use

• factors of production : available resources used for production

Explanation:

The human resources include people who are involved in the line of production of goods and services both employees and employers of labor

Division of labor is the breaking down of a task into smaller portions and assigning each portion to a group or individual

natural resource are resources used in the production of goods and services that are readily available in nature.

Answer 2

The correct order is the following:

1. Human resources: people in society who are producers

2. Capital goods: man-made resources used in production

available resources used for production

3. Division of labor: one person does a small portion of work on a larger project

4. Natural resources: materials found in nature which man puts to his use

5. Factors of production: available resources used for production