11a Introduction to Economics

Trees, water, coal, or anything that occurs without human interference...

Any time you make a choice, you give something up. We call this your...

The resource that includes coming up with an idea and taking a chance...

Machines, tools, or anything else made by people...

All resources are limited. We cannot satisfy all of our wants.

Combining resources to create goods and services...

Teachers, carpenters, and engineers are examples of this type of resource...

Human, natural, entrepreneurship, and capital...

Buying/using goods and services...