Economics
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10 terms
Terms | Definitions |
|---|---|
 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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