Unit 4 #2

Any non-human objects made by humans and then used to make other goods and services.

Someone who decides to create or run a business, even though they may lose money.

Knowledge, skills, and health that people get in their lives to be productive members of society.

Anything that is found in nature that can be used by living things.

Money to pay laborers, for the resources, for transporting goods, etc.

People who work in the land and also create the good.

You need this to grow resources needed to create the good.

In order to produce a good, there are 4 factors: