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Economic terms

Tools

A	B
Natural resources	trees
Capital resources	tools
Human resources	employees
Goods	Things that people make to satify needs or wants
Services	Activities that satisfy people's needs or wants
Opportunity cost	The next best choice that is given up when a decision is made
Economic specialization	Focusing on one product or service
Economic interdependence	Two or more people depending on each other for goods & services

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