Economists
Consumers
Modern economies.
It is based on the principle of subsistence.
Rocks, metals and fossil fuels in the ground
Human Capital.
Goods
Land
Labour
Goods needed to make products and run businesses.
Is the work that people in order to receive a wage or salary.
It´s a key factor for agriculture and building.
Divide products into two types: goods and services.
They represent examples of natural resources.
They are physical things: houses, cars, clothes or food.
The knowledge and skills of employees.
Specialisation, Money, International trade and Techonology or capital.
They can exchange one product for another.
Traditional or subsistence economies.
Physical capital.