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SS 4: 3,4,5
Economics Part 2
| Term | Definition |
|---|---|
| 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