Items 5 Itemt 5 in economic terms, resources that are not being used to satisfy consumer demand are being wasted.
According to the take-make-waste approach, business takes resources, makes products out of them, and waste whatever is left over.
In economics, resources are defined as services or other assets used to produce goods and services that satisfy human needs and desires. Economics, also called factors of production, classifies resources into four categories: land, labor, capital, and business.
Economic resources can be divided into human resources and physical resources. Human resources include labor and management, and non-human resources include land, capital, financial resources, and technology.
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