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SS_Unit4

QuestionAnswer
contribution the act of giving or doing something
direct democracy a government in which people vote to make their own rules and laws
representative democracy a government in which people vote for a smaller group of citizens to make the rules and laws for everyone
characteristics different traits
natural resources materials that come directly from nature (water, soil, wood, coal)
human resources people working to produce goods and services
capital resources goods made by people and used to produce other goods and services (machines, tools, buildings)
producers people who use resources to make goods and/or provide services
goods things that people make or use to satisfy needs and wants
services activities that satisfy people's needs and wants
economic choice the decision among alternatives or possibilities
opportunity cost the next best choice that is given up when an economic choice is made
Created by: ITC_TB
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