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BE Obj 2.02
Economic Goods & Services
| Term | Definition |
|---|---|
| Alternative Resource | A resource that can be used in place of another. |
| Automation | A method of operating or controlling a process in which tasks are completed by automatic means, such as technology, reducing human effort and labor. |
| Baby boomers | A term used to refer to individuals who were born between the years 1946 and 1964 |
| Capital Goods | Manufactured or constructed items that are used to produce goods and services. |
| Conserve | To slow down the use of something to make it's supply last longer than it would otherwise. |
| Consumer goods and services | Products produced for personal consumption |
| Demographics |