Economic Unit Review

Things that come from earth like trees, coal, oil and water.

• Goods

• Scarcity

• Natural Resources

• Capital Resources

Select all examples of a want.

• iPad

• Newest shoes

• Shelter

• Water

What is a consumer?

• A person who is a consumer

• A person who makes good and services.

• A person who does work for others

• A person who buys goods and services.

What is a producer?

• Someone who works in a grocery store

• A person who makes a good or provides a service.

• A person who buys goods and services.

• Something that is made or grown

Items that have to be purchased with money.

• Capital Resources

• Services

• Human Resources

• Natural Capital Resources

The people who provide goods and services.

• Capital Human Resources

• Nature

• Congressmen

• Human Resources

Select all examples of a need

• Air

• Nike

• Shelter

• Human

Something that is made or grown to be sold is a..

• farmer

• service

• good

• goodsmen

Work done for others

• Services

• Slavery

• Goods

• Capital Resources

When you have a candy business, as the owner you are a______

• business

• producer

• consumer

• good