| A | B |
|---|
| economics | study of how people use and transfer resources |
| natural resources | things that occur naturally, without human intervention |
| human resources | people who do work |
| conservation of resources | to manage and use our resources wisely |
| capital resources | buildings, tool, and equipment used by workers to produce a good or service |
| goods | things that are produced (capital resources are usually goods also) |
| services | jobs in which people help other people (teachers, doctors, clerks) |
| human capital | the special skills gained by workers through education and training |
| production | the way that goods or services are made |
| productivity | measures how many goods and services are produced over a certain length of time, usually an hour |
| specialization | a special or narrow range of skills a worker may have |
| division of labor | the splitting up of various jobs in production of a product or service (such as an assembly line) |
| international trade | the movement of goods and services between countries |
| exports | goods made in one country and shipped to another country to be sold |
| imports | goods made in another country and shipped into this country to be bought by buyers here |
| interdependence | one country depending on another to provide the things that their people need or want |
