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Timothy 1


resource Is something people use to produce goods and services.
Scarcity Means not having enough resources to provide all the things people want.
opportunity cost Is the thing that you give up when you decide to do or have something else.
economic system Is a set of rules that guides the use of resources and production of goods in a country.
Region is a area that has one or more features in common.
specilization is the result of people making of the goods they are best able to produce with the resource they have.
Trade is the buying and selling of goods.
interpendent to depend, or rely, on each other.
environment is the surroundings in which people, plants, and animals.
wetland is a moist area such as a swamp or marsh that provides a home for wildlife.
ecosystem is a community of plants and animals, along with nonliving things, such as soil, air, and water.
conservation is the protection and wise use of natural resources.