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7th Grade Social Chapter 19

AB
To use is to...consume
What are items produced for sale called?goods
Name for human resources or workforce.Labor
Name for the place where buyers and sellers exchange economic products.market
What is the struggle between businesses to sell the best products at the lowest prices?competition
What is the driving force that encourages individuals and businesses to improve their material well being?profit motive
Name of economic system in which private citizens own and use the factors of production in order to seek a profit.capitalism
Name for tools, machinery and buildings used to make products.capital
What are materials in nature that make production possible?natural resources
To sell or give away.dispose


Middle School Science Teacher
Clinton/Graceville/Beardsley Middle School
Beardsley, MN

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