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Econ Matching
Technology
the use of science to create new products or make old ones better
Capital
things of worth machines,buildings, tools, and money
Productivity
the amount of goods and services workers can produce in a given time
Specialization
when a person, country, or region works on making one part of an item
Opportunity
each possible use of a resource
Labor
Work
Manufacture
to turn materials into products people use every day
Factors of production
resources that are used to make goods and services
Wants
a thing that is not needed to survive but that makes life better
Trade off
the act of giving up one thing for another
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