Natural resources are those resources created by nature. Some examples of natural resources include coal, aluminum, and gold.Foods are also considered natural resources.
Both capital and natural resources can be used to produce other goods and services, but only capital resources must be already produced.
Capital may thus include physical goods and intellectual discoveries. Any resource is capital if it satisfies two criteria:
The resource must have been produced.
The resource can be used to produce other goods and services.
The correct answer that fills the gap is: must have been produced.
Capital is one of the four factors of production along with land, labor and technology. It includes all durable goods that are used to manufacture other goods or services. It has two main criteria that allow its recognition, which are:
- The resource must have been produced.
- The resource can be used to produce other goods and services.
According to the above, any of the three factors described can be used to create capital, because within the chain monetary resources are perceived that grant a certain return to those who alienate the good or produce a service.
credit history is used by lenders to determine whether you are a 'risky' person to give their money to.
having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.
having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.