Economics

Created by blhuey 

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natural resources

things in nature that are useful to people

capital resources

goods that are used to make other goods and services, for example tools, factory, machines

human resources

human workers and the skills that they have

limited resources

There are only certain amounts of resources. Sometimes we have to make choices because of this.

scarcity

when there is not enough of something

manufacturing

the making of goods in a factory

agriculture

farming

tourism

tourists visit an area and spend money

interdependence

when people depend on other people to get the goods they do not produce

specialization

when areas grow or produce only certain products or services

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