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Medium of exchange USED TO BUY AND SELL resources, goods, or services
Interdependence
Human Resource
Currency
Markets
Scarcity
economic resources
Capital Resource
Currency
You want to make cookies and bake a cake, but you only have enough flour to do one of those things, so you have to make a choice. This is an example of...
Interdependence
Human Resource
Currency
Markets
Scarcity
economic resources
Capital Resource
Currency
People, businesses, and nations DEPEND ON OTHERS to make goods and services to satisfy the wants they cannot satisfy on their own
Interdependence
Human Resource
Currency
Markets
Scarcity
economic resources
Capital Resource
Currency
A grocery store, a restaurant, and a hair salon are all examples of...
Interdependence
Human Resource
Currency
Markets
Scarcity
economic resources
Capital Resource
Currency
U.S. dollar bills and ancient Roman coins are both examples of...
Interdependence
Human Resource
Currency
Markets
Scarcity
economic resources
Capital Resource
Currency
The PERSON who cuts your hair at the hair salon is a...
Interdependence
Human Resource
Currency
Markets
Scarcity
economic resources
Capital Resource
Currency
A hammer is a...
Interdependence
Human Resource
Currency
Markets
Scarcity
economic resources
Capital Resource
Currency
ALL of the people, machines, AND natural things needed to produce a product or service
Interdependence
Human Resource
Currency
Markets
Scarcity
economic resources
Capital Resource
Currency
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