List and Describe the Four Broad Categories of Resources

question 132

Essay

List and describe the four broad categories of resources.Cite an example of each to help support your answer.

---

Definitions:

Excise Tax

A specific tax levied on particular goods or services at the point of manufacture or sale, often included in the price of the product.

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity of it that producers are willing to supply.

Excise Tax

A tax levied on specific goods, services, or transactions, often included in the price of the product.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to produce and sell, holding other factors constant.