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Hot Words 2

Opportunity Cost What you have to give up because of a decision or choice you had to make
Canal A water way dug into the earth or modified by people to transport water
Human Resources People doing physical or mental work to produce goods or services
Civilization A culture that has developed forms of government, religion, written language, art sciences, and learning
Scarcity When you want more than you are able to have (trade for)
Natural Resources Gifts of nature that can be used to produce goods or services
Irrigation A method of supplying land with water through a network of canals
Economic Resources Things that can be used to produce a good or service
Capital Resources Things made by people and used to produce other goods and services
Surplus When you have more than you need and you can trade with others for what you want
Created by: BoboChimpFace