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EI017 GLOSSARY TERMS 2

AB
Distribution: The process or activity by which income is divided among resource owners and producers
Economic vote: Term used to describe consumer approval of products expressed by the purchase of products
Economic system: The organized way in which a country handles its economic decisions and solves its economic problems
Human resources: People who work to produce goods and services
Financial capital: Money needed to operate a business
Government: A country’s arrangement for making and enforcing laws
Human-services programs: Benefits such as free health care, education, and welfare that are provided by a government to its citizens
Economic resources: The human and natural resources and capital goods used to produce goods and services


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