Chapter 1: Economic SystemsMarissa Doria

Block 3

Wants and Needs

• WantsiPod, Vacation, Mercedes

• NeedsShelter(House), Car, Food, Water

Goods

• Things that you can see and touch

Services

• Activities that are consumed at the same time they are produced

Natural Resources

• Agriculture, Water, Trees and Oil

Human Resources

• Machinery, Entrepreneurs and cleaner

Capitol Resources

• Buildings, equipments and supplies