Economics review: Goods, Services, Resources

Capital resources

• People working to produce goods and services

• Resources that come from nature

• Goods made by people and used to produce other goods or services (tools)

Human resources

• People working to produce goods and services

• Resources that come from nature

• Goods made by people and used to produce other goods or services (tools)

Natural resources

• People working to produce goods and services

• Resources that come from nature

• Goods made by people and used to produce other goods or services (tools)

Who is a producer?

• Josue eats pizza

• Timothy plays Play station

• Doris makes toys

A factory

• Human resource

• Capital resource

• Natural resource

A good

• construction worker

• student

• pencil

Who is a consumer?

• Jose eats a happy meal

• Ms. Metzfield teaches

• Jeyson grows vegetables

• Zyon paints his house

If people want goods they do not have...

• they can take them from someone

• they should tell a friend

• they should just think about them really hard and cry

• they can trade with others who have the goods they want