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13 Cards in this Set
- Front
- Back
Scarity
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when a resource is limited
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Human Resources
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people used to make good & services
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Income
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the money you earn
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Service
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when you pay for something to be done
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Production
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making of goods and services
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Resources
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things used to make goods and services
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Natural Resouces
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things found in nature
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Consumer
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a person who spends money to buy something
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Consumption
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spending money to buy goods and services
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Capital Resources
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money to produce goods and services
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Opprotunity Cost
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what is given up if a choice is made
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Goods
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things we can buy
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Interdependence
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when one thing depends on another to work
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