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INC ECON Terms

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Question
Answer
Natural Resources   the parts of the eviorment that are useful or necessary for human survival and for all living things. We need and use Food., air and water.  
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Fossil Fuels   Are another type of resources that we depend on for energy, but fossil fuels can pollute our air and water.  
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petrolem   formed mostly frthe the remains of microscope marine organsims buried in earths crust.  
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Non renewable   is a natural resource which cannot be reproduced, grown, generated, or used on a scale which can sustain its consumption rate, once depleted there is no more available for future needs.  
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Goods   are tangible items that are made or grown and are used or consumed by people  
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services   are intangible: They refer to work that a person does for someone else.  
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Producers   make goods and offer services  
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allocation   means ration  
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