(Choosing technologies and resource combinations).
: Often considered the fifth factor in modern post-industrial societies. 4. Economic Systems test-ekonomicheskaia sfera obshchestva-10 klass
Tests usually begin by distinguishing between the two meanings of "Economics": (Choosing technologies and resource combinations)
You should be able to list and define the four (or five) primary resources used to create goods: : Natural resources. Labor : Human mental and physical effort. and money (physical and human capital).
(Determining which goods/services are needed).
: The ability to organize the other factors and take risks.
: Buildings, tools, and money (physical and human capital).