Econ.

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Author:
Anonymous
ID:
190060
Filename:
Econ.
Updated:
2012-12-18 10:23:23
Tags:
Economics
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Description:
econ. vocab
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  1. Social science dealing with the study of how people satisfy seemingly unlimited and competing wants with the careful use of scarce resources
    Economics
  2. Natural resources of "gifts of nature" not created by human effort; one of four factors of production
    Land
  3. People with all their abilities and efforts; one of four factors of production, does not include the entrepreneur
    Labor
  4. tools, equipment, and factories used in the production of goods and services; one of four factors of production
    Capital

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