+
Related Flashcards
Related Topics
Cards In This Set
| Front | Back |
|
Who deals with shortgage of resources
|
Both individuals and society
|
|
What is a shortage of resources
|
Scarcity
|
|
What are means to produce goods or services
|
Factors of production
|
|
What are limited resources called
|
Non-renewable
|
|
What type of resources are teachers, coal miners and bank managers
|
Human resources
|
|
Raw materials from nature used to produce goods
|
Natural resources
|
|
The knowledge, efforts, and skills people provide, also called labor
|
Human resources
|
|
The study of how society chooses to use resources to produce and distribute goods and services for people's consumption
|
Economics
|
|
A system in which a central authority, such as the state, makes the key economic decisions
|
Command economy
|
