Which term refers to resources in nature that can be used to produce goods and services?

Study for the Grade 9 Social Studies PAT. Engage with flashcards and multiple choice questions, each question includes hints and explanations. Prepare thoroughly for your exam!

Multiple Choice

Which term refers to resources in nature that can be used to produce goods and services?

Explanation:
Natural resources are resources in nature that can be used to produce goods and services. They come from the environment and include things like water, minerals, soil, forests, and land. These are the basic materials that production relies on before human-made tools or services come into play. This differs from capital resources, which are manufactured tools, machines, and buildings; from human resources, which are the people who work; and from entrepreneurship, which is the ability to organize and manage resources to start and run a business.

Natural resources are resources in nature that can be used to produce goods and services. They come from the environment and include things like water, minerals, soil, forests, and land. These are the basic materials that production relies on before human-made tools or services come into play. This differs from capital resources, which are manufactured tools, machines, and buildings; from human resources, which are the people who work; and from entrepreneurship, which is the ability to organize and manage resources to start and run a business.

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