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Hot Words List 2
| Term | Definition |
|---|---|
| opportunity cost | What you have to give up because of a decision or choice you had to make |
| canal | A water way dug into the earth or modified by people to transport water |
| human resources | People doing physical or mental work to produce goods or services. Examples: farmers, carpenters, teachers — each with special skills, knowledge and experience |
| civilization | A culture that has developed forms of government, religion, written language, art, sciences, and learning |
| scarcity | When you want more than you are able to have (trade for). |
| natural resources | Gifts of nature that can be used to produce goods or services Examples: sunshine, water, soil, plants, animals |
| irrigation | A method of supplying land with water through a network of canals. |
| economic resources | Things that can be used to produce a good or service. |
| capital resources | Things made by people and used to produce other goods and Services Examples: tools, roads, bridges |
| surplus | When you have more than you need and you can trade with others for what you want. |
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petroffr
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