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Social Studies - Ch. 9 Economics

AB
Natural ResourcesMaterials that come directly from nature
Human ResourcesPeople working to produce goods and services
Capital ResourcesGoods made by people and used to produce other goods and services
BarterThe exchange of goods and services without the use of money
MoneyCoins, paper bills, and checks used in exchange for goods and services
ScarcityNot being able to meet all wants at the same time because resources are limited
ConsumerA person who uses goods and services
ProducerA person who uses resources to make goods and/or provide services


2nd Grade Teacher
Bland County Elementary School
Bland, VA

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