Normal Size Small Size show me how
|things people make or use to satisfy needs and wants
|activities that satisfy people's needs and wants
|a person who uses or buys a good or service
|a person who uses resources to make a good and/or provide a service
|not being able to meet all wants at the same time because resources are limited
|the choice you have to make because you can't buy everything
|the next best choice that is given up when a decision is made
|materials that come from nature. ex coal, water, soil, wood
|people working to provide a good or service ex.teacher, doctor, farmer
|goods made by people and used to produce other goods and services ex. hammer, factory, computers
|happens when people focus on producing one good or service
|specialization encourages _____________.
|trade because people wants things they do not have.