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What is scarcity
Low supply of products
What is demand
How much consumer needs/wants
What is profit?
The money they make
What is wages?
Salary
What is overhead?
Money needed to run a business
5 example of capital resource
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what is capital resource?
tools that human use to create things
5 example of natural resource
-
What is a natural resource?
Resources from nature
5 example of human resource
-
What is a human resource?
The people who work
What is an assembly line?
The group of people who help the producer(factory)
What is a producer?
The people who makes/create things
What is a consumer?
The people who buy


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