Resources
The 4 categories of resources are referred to as the...
Factors of Production
An individual or organisation that creates or provides goods (physical things such as food and clothes) and services (activities or skills such as accounting or construction).
Consumer
People or orgnizations that make goods or provide services
Producers
Desires that are not necessary for survival but make life more comfortable
Want
The little yellow ball with a mouth tries to eat dots before getting killed by one of 4 ghosts
Pacman
This category of resources, know as natural resources, included things like water, gold, and iron ore
Land
This type of consumer prefers to buy products that represent the best value for money.
Discount Consumer
Most producers today take the form of businesses that operate such that they produce goods and services in a way that earns them more money than it costs to run the business. This is called...
Profit
Items that are necessary for survival
Needs
The very first game where Link tried to save Princess Zelda
Zelda
Labor is the 2nd factory of production. What types of resources come under this category?
Human Resources like workers
This type of consumer is known for making less calculated decisions on how to spend their money than most others. They are often attracted to the flashy advertising and visibility of a product on offer.
Impulsive Consumer
Primary Producers that farm food or provide animal products
Agricultural Producers
The problem that occurs due to there being unlimited wants and needs but limited resources
Scarcity
Super popular online shooter game that lets you buy skins and dances
Fortnite
Something that as been made is this type of a resource
Capital (manmade resources)
This consumer is one that will continue to purchase goods and services from the same business over a long period of time.
Loyal Consumer
Secondary Producers that build and make things
Industrial Producers
a group of people who make choices about what to produce, how to produce it, and who to produce it for.
Company that has made hugely populate mobile games like Hay Day, Clash of Clans, and Brawl Stars
Supercel
Management skills that successfully bring together all the other categories of resources
Entrepreneurship resources
This consumer only purchase products that they really require. They avoid spending money on goods or services that they don’t feel are necessary
needs-based consumer
Tertiary producers that provide skills, knowledge and other intangible benefits to their customers (i.e. schools, banks)
Service Producers
You get free points
YAY Free Points!
Once of the first home games which consisted of bouncing a dot between two players that had a rectangle they moved up and down their side of the screen. Sort of like a game of tennis or ping pong
Pong