5th Chapter 1 Sec. 2 Vocabulary

1. a tool, machine, or building people use to produce goods and services

• capital resource

• human resource

• natural resource

• nonrenewable resource

a person and the skills and knowledge he or she brings to the job

• human resource

• capitol resource

• principle resource

• renewable resource

 a lack of something (very little)

• scarcity

• opportunity cost

• custom

• conservation

1. the important thing that people give up so they can have or do something else

• opportunity cost

• capital resource

• conservation

• human resource

the protection and careful use of natural resources

• conservation

• clear cutting

• over fishing

• scarcity

1. ways of life that are repeated on a daily basis

• customs

• traditions

• conservation

• opportunity cost

1. beliefs or customs that is passed from one generation to the next

• traditions

• customs

• Human Resources

• capital resources