Economics

Anything needed to produce goods and services

• consumer

• resource

• good

• service

things made by nature that people can use to create a product

• natural resource

• capital resource

• service

• opportunity cost

goods used to make other goods or provide services

• natural resource

• capital resource

• service

• opportunity cost

the people needed to produces goods and provide services

• natural resource

• capital resource

• service

• human resource

an activity we pay someone else to do for us

• resources

• good

• service

• human resource

anything that you buy that you can hold or touch

• resources

• good

• service

• human resource

a person who buys a good or service

• resources

• good

• consumer

• human resource

when someone buys one good or service, they are giving up he opportunity to buy another good or service

• demand

• supply

• service

• opportunity cost

a person who makes a good or provides a service

• producer

• good

• consumer

• supply

The amount of something for sale that is available.

• producer

• good

• consumer

• supply