Term
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Definition
| Resources that come from the air, water, or earth. |
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Term
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Definition
| Resources such as machines, buildings, and equipment used to produce goods and services. |
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Term
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Definition
| The lack of something that will satisfy wants. |
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Term
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Definition
| The work done by people to produce goods and services. |
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Term
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Definition
| Resources that can be used to produce or create goods and services. |
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Term
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Definition
| Resources that cannot be replaced. |
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Term
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Definition
| The people whose efforts go into producing goods and services. |
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Term
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Definition
| Economic resources used to produce goods and services. |
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Term
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Definition
| Natural resources that can be replaced, either by themselves or through the efforts of people. |
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Term
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Definition
| The initiative to combine natural, human, and capital resources to produce goods or services. |
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Term
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Definition
| A set of rules by which a nation decides how to distribute its resources to satisfy its people's wants. |
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