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15 Cards in this Set
- Front
- Back
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Things that are used to make goods and services are called _________.
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resources
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Resources that occur in nature are called _________ resources.
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natural
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People that work in jobs are examples of __________ resources.
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human
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_________ resources that are made by people.
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capital
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_____________ are people that who make something that other people are willing to buy.
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producers
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_______ are things that people make or grow.
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goods
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________ jobs that people do to help other people.
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services
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When you don't have enough of something there is _________.
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scarcity
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Focusing on one product or service is called ___________.
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economic specialization
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When two or more people depend on each other for goods and services this is called ________________.
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economic interdependence
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___________ are people who use goods and services.
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consumers
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Things you need in order to survive are called ________.
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needs
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Things you don't need to survive are called ________.
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wants
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Tools, machines, and computers are examples of _________ resources.
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capital
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Land, water, plants, animals, and rocks are examples of _________ resources.
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natural
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