Resources and factors of production

The creation of material and spiritual goods and services requires resources and factors of production. What does economic theory mean by these categories? The resources of production are a set of material and financial means, natural, social and spiritual forces that can be used in the process of creating goods, services and other values. In […]


The role of the service sector has recently been increasing in the structure of the economy of Belarus. Employment in it is growing at a fairly high rate and today accounts for more than 1/3 of the total number of employees. The service sector has a strong influence on the location of industry. Cities and […]