Economics: Resources

What are causes of economic growth? 

Making improvements in a country's standard of living and its people's well being is: 

A person who risks their time, money, and energy to make a profit by starting a new business

The quantity and quality of resources a person has like food, clothing, education, & healthcare

Materials from nature used to make goods and services

When there is not enough of something

Activities people sell or buy

To buy more resources in order to produce more or better goods & services

The steps producers take in bringing resources together to make goods and services

The amount of money a business earns after it pays workers' salaries & other business expenses

What is the percentage of people who can read and write in a country?

Human resources, natural resources, capital resources, and entrepreneurship

A person who makes goods or services

Tools used to make goods and services

Skills workers use to make goods and services

What is the total value of all the goods & services produced in a country every year?

A person who buys goods or services

All the resources used to produce goods & services

Objects people sell or buy

What is the study of how people use their scarce resources to satisfy their unlimited wants?

What is the amount of GDP available to each person in a country?

Creating a new business

An increase in a country's GDP or total production of goods & services