| A | B |
|---|
| resources | items used to produce goods and services |
| inputs | what resources are that enable businesses to operate |
| consumers | who gets what they want when producers combine to use the best combination of resources |
| High economic value | When more money payments are given for products that have this |
| examples of natural resources | rivers, trees, coal |
| example of human resource | a factory worker |
| example of capital good | fryer in Mcdonalds |
| capital goods | manufactured or constructed items used to produce something else |
| limited resource | when there is not enough of a resource for everyone to have as much as they want |
| Factor affecting natural resources | weather |
| reasons for limited human resources | demographic change, lack of training, lack of interest, supply of workers |
| limits to capital good | state of technology, amount of labor, natural resources, and money |
| example of finding another source | getting oil from a new place |
| ways to respond to limited human resources | flextime, higher wages, employee assistance, and benefits |
| capital goods are limited | what happens as natural and human resources becomes limited |
| ways to respond to limited capital goods | maintenance, modifications, and use of alternative sources |
