materials that come from nature economic choice painter, farmer, miner pizza or chicken nuggets people who produce goods and services things people make or use Services Scarcity activities people need or want Producer NOT able to meet all the wants makes goods or provides services Consumer Natural Resources coal, wood, water what you give up for something else person who uses goods Capital Resources tools that help make other things we need exchange of goods without money Human Resources Opportunity Cost Barter Goods materials that come from nature economic choice painter, farmer, miner pizza or chicken nuggets people who produce goods and services things people make or use Services Scarcity activities people need or want Producer NOT able to meet all the wants makes goods or provides services Consumer Natural Resources coal, wood, water what you give up for something else person who uses goods Capital Resources tools that help make other things we need exchange of goods without money Human Resources Opportunity Cost Barter Goods
(Print)
materials that come from nature
economic choice
painter, farmer, miner
pizza or chicken nuggets
people who produce goods and services
things people make or use
Services
Scarcity
activities people need or want
Producer
NOT able to meet all the wants
makes goods or provides services
Consumer
Natural Resources
coal, wood, water
what you give up for something else
person who uses goods
Capital Resources
tools that help make other things we need
exchange of goods without money
Human Resources
Opportunity Cost
Barter
Goods
