3rd grade economics unit vocab L 1

Front

Useful things in nature

Back

natural resources

Front

Study of how people use limited resources to produce goods and services.

Back

Economics

Front

Activities related to making, trading, and selling goods & services

Back

Economy

Front

Goods used to produce more goods/services

Back

Capital resources

Front

Performance of duties or work for another

Back

services

Front

Products made for use

Back

Goods

Front

Workers and their skills

Back

Human resources

Front

Combines natural, human, and capital resources to produce goods or services

Back

entrepreneur

Front

Study of places and human-environment interaction.

Back

geography

Front

Using materials and skills to create something new

Back

produce