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economics vocabulary

TermDefinition
economy the careful management of producing,distributing and consuming wealth and resources
productive resources term referring to natural resources,labor/human resources and capital resources.
natural resources resources that are found in the environment
labor resources people who work
physical labor resources resources made using the skill of a human being
mental labor resources resouces made using the brain of a human being
capital resoures good used to make other goods or provide a service
renewable resouces resouces that can be replenished naturally
non-renewable resouces resources that can be depleted from the environment
goods things or
Created by: ameliaohearn
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