| A | B |
|---|
| economy | the way society produces and concumes goods and services |
| economic wants | goods and services we would like to have |
| goods | things people make or grow to satisfy our wants |
| service | jobs that people do for each other |
| natural resource | gifts from nature that we use to provide goods and services |
| capital resource | goods made by people and used to produce otheer goods and services |
| human resource | people doing physical or mental work to produce goods and services |
| interdependance | depending on one another for goods resources and services |
| industrial revolution | a period of great social and economic change that began in the late 1700's |
| factory | a building or group of buildings in which products are manufactured |
| mechanization | using machines to do work |
