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SS 4: 3,4,5

Economics Part 2

TermDefinition
human resource people
capital resources the tools and machines people use to produce goods.
demand the number of people who want certain good or services
supply the amount of goods or services that are available
scarcity shortage of certain goods or services
line graph a graph that shows information that changes over time
factory a place where goods are manufactured
specialize to make one thing very well
import to bring in goods made or grown outside the country
export to send goods out of the country to be sold somewhere else
international trade trade between different countries
domestic trade trade that takes place within the borders of a country
cooperate to work together
Created by: khoward3H