China practiced central planned economy during the period from 1953 to the end of 1970s under the direction of the State Planning Commission (SPC). Economic resources can be divided into human resources, such as labor and management, and nonhuman resources, such as land, capital goods, financial resources, and technology. There are four fundamental types of economic resources: Land, Labor, Capital, Entrepreneurship Economic resource 1: Land Land is an economic resource that includes all natural physical resources like gold, iron, silver, oil etc. The name we use to describe the workers in the fields of secondary economic activities is blue-collar workers. This group of activities includes all of those that are provided in special environments. Land comprises all natural resources and supply which we require as a fundamental to the production of all goods. - Definition, Types & Examples, Business in Global Markets: Help and Review, Forms of Business Ownership: Help and Review, Entrepreneurship and Small Business: Help and Review, Managing and Leading in Business: Help and Review, Leadership Styles in Business: Help and Review, Organizational Management: Help and Review, Project Management Basics: Help and Review, Business Production and Operations: Help and Review, Workplace Productivity & Motivation: Help and Review, Basics of Human Resources: Help and Review, Managing the Employer-Worker Relationship: Help and Review, Business Marketing Basics: Help and Review, Product Development and Retailing: Help and Review, Product Distribution & Supply Chain Management: Help and Review, Pricing Strategy in Marketing: Help and Review, Product Promotion in Business: Help and Review, Implications of Information Technology: Help and Review, Risk Management in Business: Help and Review, Financial Management in Business: Help and Review, Securities Markets and Business: Help and Review, Money and Financial Institutions: Help and Review, Ethical Behavior & Social Responsibility in Small Business, Purpose & Audience in Business Communication, Using Technology for Business Communication, Reporting & Presentations in Business Communication, Intro to Business for Teachers: Professional Development, Supervision Principles for Teachers: Professional Development, Business Math for Teachers: Professional Development, Financial Accounting for Teachers: Professional Development, Quantitative Analysis for Teachers: Professional Development, Business Math Curriculum Resource & Lesson Plans, Business Law Syllabus Resource & Lesson Plans, Public Speaking Syllabus Resource & Lesson Plans, Identifying Cause & Effect in Historical Documents, Using & Analyzing Graphs to Support an Essay, Quiz & Worksheet - Beginning Inventory Formula, Quiz & Worksheet - Capital Lease in Accounting, Quiz & Worksheet - Ending Inventory Formula, Topic, Purpose, and Thesis of a Speech Lesson Plans, UExcel Principles of Management Flashcards, CPA Subtest IV - Regulation (REG): Study Guide & Practice, CPA Subtest III - Financial Accounting & Reporting (FAR): Study Guide & Practice, ANCC Family Nurse Practitioner: Study Guide & Practice, Top 50 K-12 School Districts for Teachers in Georgia, Finding Good Online Homeschool Programs for the 2020-2021 School Year, Coronavirus Safety Tips for Students Headed Back to School, Parent's Guide for Supporting Stressed Students During the Coronavirus Pandemic, Ramon Barba: Biography, Contributions & Inventions, Effects of Development on Physiology & Pathophysiology, Implementing Risk Stratification in Clinical Practice, Evaluating the Impact of Clinical Nursing Specialist Practice on Systems of Care, Quiz & Worksheet - Paleolithic Period Weapons, Quiz & Worksheet - Situational Crime Prevention, Flashcards - Real Estate Marketing Basics, Flashcards - Promotional Marketing in Real Estate, What is Inquiry-Based Learning?

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