Important Points
Resources -A stock or supply of money, materials,staff and other assets that can be drawn on by a person or organization in order to function effectively.
Human Capital- The skills, knowledge and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
Gross National Product- GDP is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.
Liability- The state of being legally responsible for something.
Economic Activities- are related to production, distribution, exchange and consumption of goods and services.
Resources -A stock or supply of money, materials,staff and other assets that can be drawn on by a person or organization in order to function effectively.
Human Capital- The skills, knowledge and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
Gross National Product- GDP is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.
Liability- The state of being legally responsible for something.
Economic Activities- are related to production, distribution, exchange and consumption of goods and services.
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