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Economics Matching CE9

CE 9
Finance, scarcity, resources, choice

AB
financemanagement of money, banking, investments, and credit
human resourcesworkers and managers
capital resourcesbuildings, machines
natural resourcesair, water, trees
resourcesfactors of production that are used in the production of goods & services.
scarcityis the inability to satisfy all wants at the same time
All resources and goods arelimited
Types of resources arenatural, human, capital & entrepreneurship
choiceselecting an item or action from a set of possible alternatives
Individuals must choose/make decisionsabout desired goods and services because they are limited.


VA

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