Economics in the Community

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Economics in the Community

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Things that people make or grow that satisfy
economic wants are called
Goods
Services
Consumers
Production
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People who buy and use goods and services to
satisfy economic wants are called
Bankers
Workers
Producers
Consumers
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What do you call services provided to a community?
Capital resources
Community services
Natural resources
Human resources
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What do you call people doing physical or mental
work to produce goods or services?
Economic wants
Capital resources
Human resources
Limited resources
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A good or service made with resources is called
Consumer
Product
Want
Money
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The next best choice that is given up when a
decision is made is called
Resources
Production
Leftover
Opportunity Cost
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Actions that people do for each other are called
Services
Taxes
Technology
Capital resources
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What are gifts of nature that can be used to
produce goods and services?
Capital resources
Natural resources
Human resources
American resources
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What do you call money paid to the government, so
it can provide some goods and services?
Resources
Technology
Taxes
Production
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What do you call tools, machines, methods, and
other things used to perform activities?
Technology
Taxes
Production
Services
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