(8)

Natural Resources

(8)

_____ _____ are materials that come from nature.

Examples: water, soil, coal

(8)

Human Resources

(8)

____ ____ are people working toproduce goods and services.

(8)

Capital resources

(8)

___ ____ are goods made by people and used to produce other goods and services.

Examples: Machines, tools, buildings.

(8)

Producers

(8)

___ are people that make goods or provide services.

(8)

Goods

(8)

___ are things people make or use to satisfy needs and wants.

(8)

Services

(8)

_____ are activities that people provide to meet needs and wants.

(9)

Economic Specialization

(9)

____ ___ is focusing onone product or service.

(9)

Goods, Services

(9)

Economic specialization occurs when people focus on the production of selected kinds of ____ and ____.

(9)

Specialized

(9)

Ancient Greece and Rome both _____ on building ships, farming and pottery.

(9)

Mali

(9)

In the empire of ____, some people specialized in protecting the empire, while others specialized in growing food for the empire.

(9)

Virginia

(9)

____ is know for its expertise in shipbuilding. (our specialization).