Resources are used up in the production of goods and services ‘Resources used to produce other goods and services inc! ant because they are used 10 Make Bods si), Resources are import ae ah, televisions, cars, fruit and vegetables, and to provide services, incu, May banking, insurance, transport, healthcare, polici v Production therefore involves using resources 10 make and sell joy, goods and services. Resources such as natural materials, Land, ying workers, are the inputs to productive activities and goods and scr gg, z any their products or outputs. > 3-6-3 ate Any activity that fails to satisty a human need or want is Meta pjygy, activity according to economists. So, for example, if resource: a te make clothes nobody wants to wear, televisions that fail to a images, clocks that cannot keep time or any other good oF servi ay ik satisty a human need or want, then those resources have Not bs) use! productively The people and organizations which make and sell goods and «ces arg known as producers. ide natural materials, people, machinery and land Scanned with CamScanner