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EC-907 Glossary - 2

AB
Economic resourcesThe human and natural resources and capital goods used to produce goods and services; also known as factors of production
Economic voteTerm used to describe consumer approval of products expressed by the purchase of products
Human resourcesPeople who work to produce goods and services
Economic systemThe organized way in which a country handles its economic decisions and solves its economic problems
Financial capitalMoney needed to operate a business
GovernmentA country’s arrangement for making and enforcing laws
Human services programsBenefits such as free medical care, education, and financial assistance that are provided by a government to its citizens
DistributionThe process or activity by which income is divided among resource owners and producers


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

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