· capital resources: Goods made by people and used to produce other goods and services 2.9 The student will distinguish between the use Examples of resources of barter and the use of money in the exchange for goods and services. · Natural: Water, soil, wood, coal · Human: Farmers, miners, builders, painters 2.10 The student will explain that scarcity (limited resources) requires people to make - Capital: Hammers, computers, trucks, lawn mowers, factory buildings choices about producing and consuming goods SOL 2.9 Economics and services. Terms to know · barter: The exchange of goods and services without the use of money - Coins, paper bills, and checks used in exchange for goods and services Economics 2.10 Terms to know · scarcity: Not being able to meet all wants at the same time because resources are limited · consumer: A person who uses and services · producer: A person who uses resources to make goods and/or provide services People must make economic choices because resources and goods and services are scarce.
2.9 The student will distinguish between the use of barter and the use of money in the exchange for goods and services. 2.10 The student will explain that scarcity (limited resources) requires people to make choices about producing and consuming goods and services. · capital resources: Goods made by people and used to produce other goods and services Examples of resources · Natural: Water, soil, wood, coal · Human: Farmers, miners, builders, painters - Capital: Hammers, computers, trucks, lawn mowers, factory buildings SOL 2.9 Economics Terms to know · barter: The exchange of goods and services without the use of money - Coins, paper bills, and checks used in exchange for goods and services 2.10 Economics Terms to know · scarcity: Not being able to meet all wants at the same time because resources are limited · consumer: A person who uses and services · producer: A person who uses resources to make goods and/or provide services People must make economic choices because resources and goods and services are scarce.