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Economics

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