E OBJ 4.05 Vocab

Front

Capital goods

Back

Manufactured or constructed items used to produce goods and services

Front

Human resources

Back

People who work to produce goods and services

Front

Inputs

Back

Specific economic resources for producing goods and services.

Front

Intangible

Back

Having no physical presence

Front

Natural resources

Back

Items found in nature used to produce goods and services

Front

Outputs

Back

Goods and services produced from combining inputs.

Front

Production

Back

Creation of goods and services from economic resources

Front

Production planning

Back

Determining how products will be produced and in what amounts

Front

Production process

Back

The way production is carried out

Front

Tangible

Back

Capable of being touched, smelled, tasted, seen, or heard