| A | B |
| Natural Resources | Materials that come directly from nature |
| Human Resources | People working to produce goods and services |
| Capital Resources | Goods made by people and used to produce other goods and services |
| Barter | The exchange of goods and services without the use of money |
| Money | Coins, paper bills, and checks used in exchange for goods and services |
| Scarcity | Not being able to meet all wants at the same time because resources are limited |
| Consumer | A person who uses goods and services |
| Producer | A person who uses resources to make goods and/or provide services |