SS4S1U1 Vocab

A social system where goods and services are produced, bought, and sold.

• Market

• Production

• Capital Resources

• Economy

Check all below that are natural resources.

• Telephone

• Coal

• Natural gas

• Oil

• sun

Things used to produce goods and services.

• Human Resources

• Capital Resources

• Goods

• Productive Resources

Resources used in the production of goods and services

• Productive Resources

• Resource

• Natural Resource

• Goods

Something in the environment that is useful to people.

• Human Resource

• Market

• Resource

• Economy

Materials found in nature that are used by living things.

• Human Resources

• Economy

• Capital Resources

• Natural Resources

The things we buy to satisfy needs and wants.

• Goods

• Economy

• Free market

• Services

Actions or activities that one person performs for another.

• Natural Resource

• Services

• Human Resource

• Goods

Something that is made to be sold

• Services

• Needs

• Product

• Production

The creation of goods and services

• Product

• Production

• Services

• Goods