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INC Econ Terms


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.
Fossil Fuels Are another type of resources that we depend on for energy, but fossil fuels can pollute our air and water.
petrolem formed mostly frthe the remains of microscope marine organsims buried in earths crust.
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.
Goods are tangible items that are made or grown and are used or consumed by people
services are intangible: They refer to work that a person does for someone else.
Producers make goods and offer services
allocation means ration
Created by: 10011756