Economics.15 Review

Front

People who do work for consumers is called a: ex-doctor, construction worker, nurse

Back

service

Front

Not having enough of a product or service is called:

Back

scarcity

Front

Resources found in nature that are useful or necessary are: Ex-water, sunlight, minerals

Back

natural resources

Front

Resources used to get work done are called: Ex. People that run a business, farmers, teachers

Back

human resources

Front

Tools and machines that are being used to get work done are called: Ex-pencil, truck, computer

Back

capital resources

Front

Items that people desire but do NOT need are called:

Back

want

Front

Things that people MUST have in order to survive.

Back

need

Front

Something people want or need that can be held or touched.

Back

good

Front

Someone who uses a product or a service is called:

Back

consumer

Front

Someone who makes a product or provides a service is called:

Back

producer