What term is used for resources provided by nature for production?

The term "Natural Resources" accurately describes the resources provided by nature that are utilized in production processes. These resources include a wide range of elements found in nature, such as water, minerals, forests, and fossil fuels, which are essential inputs in manufacturing goods and providing services.

Natural resources are the building blocks of an economy, as they contribute significantly to the production of commodities and help to meet the needs of society. They are fundamentally different from other economic terms like wage, which refers to monetary compensation for labor, interest, which is the cost of borrowing money or the return on savings, and income provision, which is more of a general term for various forms of income generation. Understanding the role of natural resources is critical in economics as they are pivotal in discussions about sustainability, resource management, and the environment, especially in the context of production and economic growth.