1. According to the preclassical or Physiocratic school (1756–78) and classical economists (1776–1890) typically which of the followings is not one of the three major categories of basic resources essential to the production of goods and services? О а. Сарital O b. Land Ос. O c. Labour O d. Entrepreneurship

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 21CTQ: It is clear that productive inefficiency is a waste since resources are used in a way that produces...
icon
Related questions
Question
1. According to the preclassical or
Physiocratic school (1756–78) and classical
economists (1776–1890) typically which of
the followings is not one of the three major
categories of basic resources essential to the
production of goods and services?
О а. Сарital
O b. Land
O c. Labour
O d. Entrepreneurship
Transcribed Image Text:1. According to the preclassical or Physiocratic school (1756–78) and classical economists (1776–1890) typically which of the followings is not one of the three major categories of basic resources essential to the production of goods and services? О а. Сарital O b. Land O c. Labour O d. Entrepreneurship
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Herfindahl - Hirschman Index
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning