Economics

Front

_____________ are things that people make or use to satisfy their needs and wants.

Back

Goods

Front

________________ are activities that satisfy people’s needs and wants.

Back

Services

Front

______________ are people who use natural resources, human resources, and capital resources to make goods or provide services.

Back

Producers

Front

________________ are people who use services or buy goods.

Back

Consumers

Front

_______________ resources are materials that come from nature.

Back

Natural

Front

______________ resources are people working to produce goods or provide services.

Back

Human

Front

________________ resources are the things that people use to make the goods or provide their services.

Back

Capital

Front

The good or service that you give up when you make an economic choice is called _____________________.

Back

opportunity cost

Front

Two or more people depending on each other for goods and services is called __________________________.

Back

economic interdependence

Front

Being an expert in one job, product, or service is called ___________________.

Back

economic specialization