| A | B |
|---|
| Factors of Production | Productive resources; human and natural resources and capital goods |
| Inelastic Demand | A form of demand in which changes in price do not affect demand. |
| Goods | Tangible objects that can be manufactured or produced for resale |
| Industrial Goods | Tangible items that will be consumed by industrial users. |
| Human Resources | People who work to produce goods and services. |
| Law of Demand | Economic principle which states that the quantity of a good or service that people will buy varies inversely with the price of the good or service. |
| Law of Supply | Economic principle which states that the quantity of a good or service that will be offered for sale varies in direct relation to its price. |
| Form Utility | Usefulness created by altering or changing the form or shape of a good to make it more useful to the consumer. |
