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13 Cards in this Set
- Front
- Back
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Natural Resources
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Are materials made from nature like water, land, trees and animals.
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Human Resources
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Can be known as labour, includes people who do the work.
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Capital Resources
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Are goods made by people and used to make other goods or to provide services.
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Needs
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Are products or services needed to survive.
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Wants
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Are products or services that are desired.
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A Resource
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Can be either human, capital or natural.
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Scarce
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Becoming less available to the community.
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Demand |
Products that are being consumed by consumers at a high rate. |
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Production
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Manufacturing of goods. |
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Goods
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Products that are made by humans or nature.
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Producers
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Companies that manufacture goods.
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Distribution
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The transport of goods.
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Export
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The transport of goods to other countries.
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