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15 Cards in this Set

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