Economics - VA SOL Vocabulary

Front

What is needed to produce goods and services?

Back

Resources

Front

What is a good?

Back

Something someone makes with resources

Front

What is a service?

Back

Something someone does for another person

Front

What is specialization?

Back

When people focus on providing only certain goods and services

Front

What is interdependence?

Back

When people depend on others for things they can't make themselves