Resources of an Economy Resources are inputs used in the production of goods and services. There are three types of economic resources. Economists describe economic resources as factors…
Capital Capital refers to all man made resources, which are used to produce goods and services. Eg; Plant, Machinery and Equipment. Features of Capital Capital is a man made resource C…
The Rate of Exchange The Rate of Exchange refers to the price of a country’s currency expressed in terms of some other currency. The Rate of Exchange of the US Dollar to the Maldivian Rufi…
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