Econ and Me Review

This is when you depend on others AND they depend on you.

• consumer

• goods

• interdependence

• services

These resources are found in nature

• capital resources

• natural resources

• human resources

• income

These are the people who make goods or provide services

• producers

• scarcity

• consumers

• goods

The people that a company uses to produce a good or service

• natural resources

• human resources

• capital resources

• scarcity

The money you earn is called -

• goods

• services

• resources

• income

The people who USE/BUY goods and services are called

• consumers

• interdependence

• producers

• specialization

If you buy a THING from a producer you have bought a -

• resource

• service

• good

• consumer

Tools and machines that companies use to produce their goods or services are called

• natural resources

• capital resources

• human resources

• specialization

When you pay someone to do something for you, that is a

• resource

• good

• specialization

• service

A book is a service

• true

• false