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Type of resource that includes materials found in nature (mineral, soil, water, oil, etc.)
GDP per capita
Gross Domestic Product
Consumer Demand
Problem of Scarcity
Command Economy
Human Resources
Natural Resource
Producer Supply
The issue of having unlimited wants but limited resources.
GDP per capita
Gross Domestic Product
Consumer Demand
Problem of Scarcity
Command Economy
Human Resources
Natural Resource
Producer Supply
Gross Domestic Product divided by its population.
GDP per capita
Gross Domestic Product
Consumer Demand
Problem of Scarcity
Command Economy
Human Resources
Natural Resource
Producer Supply
Total value of all the goods and services produced by people from that country in a single year
GDP per capita
Gross Domestic Product
Consumer Demand
Problem of Scarcity
Command Economy
Human Resources
Natural Resource
Producer Supply
Economic system based on ruler or government decisions.
GDP per capita
Gross Domestic Product
Consumer Demand
Problem of Scarcity
Command Economy
Human Resources
Natural Resource
Producer Supply
When the price goes up, this goes down. When price goes down, this goes up
GDP per capita
Gross Domestic Product
Consumer Demand
Problem of Scarcity
Command Economy
Human Resources
Natural Resource
Producer Supply
Type of resource that includes workers.
GDP per capita
Gross Domestic Product
Consumer Demand
Problem of Scarcity
Command Economy
Human Resources
Natural Resource
Producer Supply
When the price goes up, this goes up. When price goes down, it goes down.
GDP per capita
Gross Domestic Product
Consumer Demand
Problem of Scarcity
Command Economy
Human Resources
Natural Resource
Producer Supply
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