Economic resources refer to the means available for producing goods and services to satisfy human needs and wants. They include natural resources, labor, capital (money), and entrepreneurship.
Related terms
Human Capital: The skills, knowledge, education, and health of individuals that contribute to their productivity in the workforce.
Natural Resources: Materials or substances occurring in nature that have economic value and can be used for production or consumption.
Sustainable Development: An approach that aims to meet present-day needs without compromising the ability of future generations to meet their own needs by balancing economic growth with environmental protection.