Front

Economic Want:

Back

Desires for items that can only be obtained by spending money

Front

Consumer Goods:

Back

Tangible items produced for personal use

Front

Noneconomic Want:

Back

Desires for things that can be obtained without spending money (e.g., fresh air and sunshine).

Front

Natural Resources: Examples include trees, air, and land.

Back

Natural resources are tangible items that will be consumed by industrial users.

Front

Services:

Back

Tasks performed for the benefit of the recipients

Front

Factors of Production:

Back

Productive resources; human and natural resources and capital goods

Front

Wants: A desire for something that may or may not be required

Back

A desire for something that may or may not be required

Front

Capital Goods:

Back

All manufactured/ created items that are used to produce goods and services

Front

The study of how to meet unlimited, competing wants with limited resources

Back

Economics

Front

Tangible items that will be consumed by industrial users

Back

Industrial Goods