Natural Resources
Divided into renewable (replenished after use, e.g., a forest) and non-renewable
(depleted upon usage, e.g., oil and coal) energy sources.
Technology
This refers to the process employed by companies in the transformation of
inputs into goods and services. Technological advancements refer to the
discoveries that play a role in producing more and higher quality goods and
services. Technological advancements give an economy the capacity to
overcome the limits imposed by the effects of diminishing marginal returns.
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