3.7-3.9 economics Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Question | Answer |
goods | things people make or use to satisfy needs and wants |
service | activities that satisfy people's needs and wants |
consumer | a person who uses or buys a good or service |
producer | a person who uses resources to make a good and/or provide a service |
scarcity | not being able to meet all wants at the same time because resources are limited |
economic choice | the choice you have to make because you can't buy everything |
opportunity cost | the next best choice that is given up when a decision is made |
natural resources | materials that come from nature. ex coal, water, soil, wood |
human resources | people working to provide a good or service ex.teacher, doctor, farmer |
capital resources | goods made by people and used to produce other goods and services ex. hammer, factory, computers |
specialization | happens when people focus on producing one good or service |
specialization encourages _____________. | trade because people wants things they do not have. |
Created by:
cparks3
Popular History sets