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EC014/EC903 GLOSSARY TERMS 1

AB
Alternative resourceA resource that can be used in place of another
AutomationA method of operating or controlling a process in which tasks are completed by automatic means, such as technology, reducing human effort and labor
Baby BoomersA term used to refer to individuals who were born between the years 1946 and 1964
Capital goodsManufactured or constructed items that are used to produce goods and services
ConserveTo slow down the use of something to make its supply last longer than it would otherwise
Consumer goods and servicesProducts produced for personal consumption
DemographicsInformation used to describe a population
Economic resourcesThe human and natural resources and capital goods used to produce goods and services; also known as factors of production


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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