19 questions
the study of how nations spend money, make money, make things and save money.
Labor
Capital
Supply and Demand
Economics
Necessary for survival
Wants
Needs
Capital
Labor
Not necessary for survival but are desired
Wants
Needs
Labor
Capital
Good used to make products or other services. Basic Categories: Tools, Equipment, Buildings, Machinery.
Capital Resources
Natural Resources
Human Resources
None
Gifts from nature. Examples: air, oil, gold
Capital Resources
Natural Resources
Human Resources
None
Human work effort, both physical and mental
Capital Resources
Natural Resources
Human Resources
None
If you create a new business, product, service you will be known as an-
Entrepreneur
Teacher
Economist
None