Economics Vocabulary (JA)

Businesses use buildings, tools and machines as

• advertising

• natural resources

• capital resources

• human resources

When things occur naturally, such as air, water, minerals and trees it's called?

• goods

• natural resources

• human resources

• capital resources

Human resources are

• people who do the work that businesses need.

• things that occur naturally, such as water.

• buildings, tools, and machines that businesses use.

• none of these.

Items that can be bought or sold can be

• goods.

• something that occurs naturally.

• any geographic area.

• all of these.

A region is

• any geographic area, place or space.

• a system of changing resources into goods.

• an organization.

• all of these.

An organization that makes a product or performs a service is called

• a capital resource.

• business.

• a human resources.

• a supply chain.

The system of changing resources into goods or services and getting them to the buyer is called a

• human resource.

• supply chain.

• natural resource.

• business.

The economy is when

• buildings, tools, and machines are used.

• individuals or groups depend on one another.

• goods, services, and resources are sold and bought.

• all of these.

When individuals or groups depend on one another it's called

• a supply chain.

• interdependence.

• natural resources.

• capital resources.

Innovation is

• when a person buys something.

• all of these.

• when individuals or groups depend on one another

• a new device or a new way of doing something.