Utilization Of Natural Resources Essay

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Economics Assignment
Student mane :yizun yuan
ID: yuayd1401
Introduction
The world’s economic slowdown means fewer resources and hard choices , such as scarce resources . This is a significant problem that how to effective utilization of resource. This essay will simple introduction the production possibilities frontier , explaining situations when the factor within the production possibilities frontier , on the PPF , and goods which may cause the production possibilities frontier to shift outwards . In addition , the essay will show the four factors of production .

The main body
The production make from four factors . Firstly ,land is one of very important factors.All of the natural physical resources ,for example people can use to exploit fertile farm land, such as grow rice. And some place that benefits from a temperate climate or the ability to use to solar power and other forms of renewable energy. For instance , …show more content…

In addition ,other country more tried on importing these resources. Such as Japan . The second factor is labour ,in the class“ different workers have different productive efficiency”.（Dolbear ， 2014）. Because of worker have different background ,such as education ,work experience ,and training.so many workers are more productive than others .this is matter that the workforce to the size and quality in achieve economic growth . Thirdly , the capital can seen 2 types , Fixed capital and working capital . Primarily ,Fixed capital is a construct in the accounting and economics . It refers to any types of real or physical capital . fixed capital includes new technology, advance machinery ,

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