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8 Cards in this Set
- Front
- Back
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Natural Resources
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Materials that come from nature.
(water, soil, wood, coal) |
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Human Resources
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People working to produce goods and services.
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Capital Resources
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Goods made by people and used to produce other goods and services.
(machines, tools, buildings) |
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Producers
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People who use resources to make goods and/or provide services.
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Goods
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Things that people make or use to satisfy needs and wants.
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Services
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Activities that satisfy people's needs and wants.
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Economic Choice
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The choice of or decision among alternatives or possibilities.
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Opportunity Costs
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The next best choice that is given up when a decision is made.
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