Economic Terms

• Natural Resource

• Human Resource

• Capital Resource

• Natural Resource

• Human Resource

• Capital Resource

• Natural Resource

• Human Resource

• Capital Resource

• Natural Resource

• Human Resource

• Capital Resource

• Natural Resource

• Human Resource

• Capital Resource

_____ are from nature and are used in their natural form

• natural resource

• human resource

• capital resource

_____are people who use their skills to produce a good or service

• natural resource

• human resource

• capital resource

How many types of resources are there?

• 1

• 3

• 2

• 5

The TOOLS and MATERIALS needed to make goods and to provide services are called______________.

• natural resources

• capital goods

• human capital

• services

the study of how a society chooses to use its scarce resources to produce goods and services

• economics

• choice

• market

• profit