| A | B |
|---|
| renewable resource | a resource that can be replaced within a short time, like wood |
| nonrenewable resource | this takes a very long time to replace or cannot be replaced after it has been used |
| scarcity | when there is not enough of something to meet all of people's wants and needs |
| capital resource | a machine that is used to produce a good or service |
| import | when you bring a product or a resource from one country into another country |
| free market | the ability for people to choose what to produce and buy |
| specialize | to do one job or make one part of a product |
| interdependence | when you depend on each other |
| trade | to buy or sell goods and services |
| international trade | the trade between different countries |
| communication | the sharing of information or news |
| producer | someone who makes a product |
