New Activity
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Natural resource

Scarcity

Interdependence

Market

Services

Supply

Economic Resources

Goods

Demand

Price

Value

Human resource

Capital Resource

Specilization

Products that people buy

resources are limited

what the buyer and seller agreee on for an exchange

gifts of nature that can be used to produce goods or services

goods made by people andused to produce other goods and services

focusing on producing specific goods or providing specific services

worth of a good or service

people, businesses and nations depend on goods and services of others to satisfy wants and needs they can't satisfy on their own

Work or duties performed for another person

the amount of a reource, good or service available

how much people want a good or service at a certain time

a place or system that allows buyers and sellers to exchange goods and services

people doing physical or mental work to produce goods or services

human, natural and captial resources used to produce a good or service