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louisianas'Economy

TermDefinition
abundence large supply of an item
scarcity not enough of an item
capital recources made by people and used to produce other goods and services
natural recources resources that occur naturally
human recources time and effort people spend to make goods or provide services
speciallization being an expert in one job, product, or service
producers people who make and sell things
consumers people who buy things
product whatever a producer makes or sells
goods things that are made or grown and can be sold
services when someone helps or does work for someone else
economy the way a country or state manages its money and resources to produce, buy, and sell goods and services
economic players groups with an economic involvement in a project
Created by: gsauce001
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