LABOR
RESOURCES IN ECONOMICS
MICROECONOMICS
ENTREPRENEURSHIP
ECONOMISTS
LAND
CAPITAL
MACROECONOMICS
SCARCITY
analysts who study trends, markets, and policies to understand and predict financial behavior, contributing insights to various industries.
All of the tools, factories, and equipment used in the production process
innovative resource management for business creation and growth.
Natural resources used in production, including physical land, minerals, water, and other elements from the environment.
Limited availability of resources compared to the unlimited wants and needs of individuals and society, leading to the need for allocation decisions.
Human physical and mental effort devoted to the production of goods and services.
Inputs used to produce goods and services, including natural resources, labor, capital, and entrepreneurship.
individual economic agents such as households, markets, and decisions within the context of scarcity and resource allocation.
Economic study of larger systems, including national economies, focusing on factors like growth, inflation, and unemployment.