Resources
Economics
Definitions
100
Materials that come from nature such as water, soil, wood and coal
What is Natural Resources
100
The choice of or decision among alternatives or possibilities
What is Economic Choice
100
A place where people live, work and play
What is a Community
200
People working to produce goods and services
What is Human Resources
200
Two or more people depending on each for goods and services
What is Economic Interdependence
200
People who use resources to make goods and/or provide services
What is Producers
300
Goods made by people and used to produce other goods and services
What is Capital Resources
300
Focusing on one product or service
What is Economic Specialization
300
Activities that satisfy people's needs and wants
What is Services
400
Machines, tools and buildings are examples
What is Capital Resources
400
Comparing opportunity cost and the monetary cost of choices with benefits
What is Economic Decision
400
The next best choice that is given up when a decision is made
What is Opportunity Cost
500
Water, Soil, Wood and Coal are examples
What is Natural Resources
500
Virginia sells its coal to other countries but depends on other countries for oil
What is Economic Interdependence in Va.
500
Appalachia
What is Hotspot in Va coal mining
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