| A | B |
|---|
| NATURAL RESOURCES | WATER, WOOD, SOIL, COAL |
| MONEY | COINS, PAPER BILLS, CHECKS |
| HUMAN RESOURCES | FARMERS, TEACHERS, DOCTORS, BUILDERS |
| CHOICES | PEOPLE MAKE THESE BECAUSE RESOURCES ARE LIMITED |
| BARTER | EXCHANGE OF GOODS AND SERVICES WITHOUT MONEY |
| GOODS | THINGS YOU BUY IN A STORE |
| CONSUMER | ANYONE USING GOODS AND SERVICES |
| CAPITAL RESOURCES | HAMMERS, COMPUTERS, TRUCKS, LAWN-MOWERS, FACTORIES, MACHINES |
| SCARCITY | NOT ENOUGH FOR EVERYONE AT THE SAME TIME |
| PRODUCER | ANYONE WHO MAKES SOMETHING OR PROVIDES A SERVICE |
| POPULATION | THE NUMBER OF PEOPLE LIVING IN A COMMUNITY |
| COMMUNITY | A PLACE WHERE PEOPLE LIVE, WORK, AND PLAY |
| SERVICES | TEACHERS, HAIRDRESSERS, BUS DRIVERS PROVIDE THESE |
| ECONOMIC SPECIALIZATION | FOCUSING ON A SINGLE PRODUCT OR SERVICE |
| ECONOMIC INTERDEPENDENCE | DEPENDING ON OTHERS TO PROVIDE SOME OF THE THINGS YOU NEED |
| ECONOMIC CHOICE | A DECISION TO BUY ONE THING AND NOT ANOTHER |
| OPPORTUNITY COST | NOT WHAT YOU CHOOSE, BUT THE NEXT BEST CHOICE. |
| WANTS | THINGS YOU WOULD LIKE TO HAVE |
| BASIC NEEDS | FOOD, CLOTHING, SHELTER |
| SAVINGS | MONEY PUT AWAY TO KEEP OR SPEND LATER |
