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Economics

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Term
Definition
show the study of how you make choices to use their scarce resources in an attempt to satisfy their unlimited wants  
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show Something essential for survival (ex. Food, water, shelter)  
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show Something people desire, not needed for survival  
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show Physical objects that someone produces (ex. Shoes, boots, coats)  
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show Actions or activities that one person performs for another (ex. Haircut, nails, concerts)  
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show Resorces that are used to create goods and services  
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Land or Natural Resources   show
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Labor or Human Resources   show
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Capital   show
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show Risk Taker  
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Created by: alaynaj
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