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3rd Grade- Chapter 6
Economics and Communities
| Question | Answer |
|---|---|
| benefits | things that help a person |
| capital resource | a good such as a tool or a machine that a business uses to provide a good or service |
| economy | the production, buying, and selling of foods and services |
| entrepreneur | a person who starts and runs his or her own business |
| export | to send goods to another country for sale; an item transported to another country for sale there |
| human capital | the skills and knowledge a person has to do a job |
| human resources | people in a business who provide valuable skills |
| import | to bring goods into a country from another country to sell; an item brought into a country for sale there |
| scarcity | a limited amount of a good or service that many people want |
| specialize | to focus on a specific subject or task |