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Ch 19 Vocab
| Term | Definition |
|---|---|
| capital goods | the factories, machines, technology, tools, equipment, and any other man-made goods used to make other goods or services |
| demand | how much of a good or service consumers want to buy |
| human resource | an employer or employee who helps produce goods and services |
| innovate | to create a new or improved method, idea, or product |
| means of distribution | the ways in which goods or services reach the people or businesses that want to buy them |
| natural resource | a naturally-made item, such as a tree, mineral, or fresh water, that people can use to help meet a need or want |
| productive resource | a resource used to produce a good or service |