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Section 3-2
Key terms
Term | Definition |
---|---|
Resources | Assets that can be used to meet needs and fulfill wants |
Human Resources | The qualities and traits people have within themselves to get what they need or want. |
Nonhuman resources | Objects and conditions available to people to help them meet needs and fulfill wants |
Private resources | Resources owned and controlled by a person or a family |
Community resources | Resources shared by everyone and paid for through taxes |
Scarce | A resource that is limited in supply |