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Economics Matching CE9

CE 9
Finance, scarcity, resources, choice

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.


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