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Economics

QuestionAnswer
Natural resource Resources that come from nature
Human resource Anyone who works
Capital resource Made by people, used to make other things, used to do work or provide a service.
Goods Products that people make or grow
Services Jobs that people do to help other people
Producer Someone who makes or grows goods or offers services
Consumer Someone who buys goods or services
Scarcity Unlimited wants with limited resources.
Supply The amount of something available to consumers.
Opportunity cost The thing which is given up, the next best choice, is called the_______________
Demand How much consumers want something.
Created by: 31lmchildress
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