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In South Africa, the quality of labour is just as important as the size of the labour force.
The term "human capital" refers to the number of workers.
Labour, as a factor of production, refers only to physical labour.
Many natural resources come from the earth and are, therefore, unlimited.
Which of the following is not an example of a natural resource?
Owners of natural resources receive rent as income for making natural resources available for producing goods and services.
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