Week 12 North Carolina Studies Weekly

something that you have to have every day to survive

• want

• need

• resource

• supply

something that you would like to have but can live without

• resource

• need

• want

• demand

someone who makes a good or provides a service

• need

• producer

• consumer

• surplus

people who buy goods and services

• producer

• consumer

• shortage

• need

1. items that are useful to people

2. things that people make or grow to sell

• goods

• service

• supply

• demand

jobs people do for others

• goods

• service

• producer

• need

a material that people can use

• resource

• shortage

• need

• demand

1. the people who make up a business

2. workers with specific skills

• human resource

• natural resource

• capital resource

• nonrenewable resource

the tools we use to help us make other things

• human resource

• capital resource

• natural resource

• renewable resource

something found in nature that people can use

• natural resource

• human resource

• capital resource

• shortage