Economics Review

Front

What are productive resources?

Back

resources used to make goods and services

Front

People and businesses who use resources to make goods and services

Back

producers

Front

People who buy or use goods and services to satisfy their personal needs and wants

Back

consumers

Front

How much of a good or service is available?

Back

supply

Front

The act of trading goods and services you have for goods and services you want

Back

trade

Front

Opportunity cost

Back

the value of the next best choice when you choose something else

Front

How much of a good or service people want

Back

demand

Front

A good that is used to produce many other goods and services

Back

capital resource

Front

a resource from nature that can be used to produce goods and services or to meet people's needs

Back

natural resource

Front

The time, talents, and skills of a person who helps produce goods and services.

Back

human resource