Economic resources are the inputs used to produce goods and services. They are typically categorized into three main types: land, labor, and capital. Land refers to natural resources like minerals, forests, and water. Labor encompasses the human effort and skills involved in production, while capital includes tools, machinery, and buildings used in the manufacturing process. These resources are essential for any economy to function effectively. They determine the capacity to produce and influence the overall wealth of a society. Efficient management and allocation of these resources can lead to increased productivity and economic growth.