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Scarcity

Scarcity. I can explain the nature of limited resources and scarcity. . p roductive resources. The resources that help us produce goods and services. n atural r esources. “Gifts from nature” like land, water, trees, etc. c apitol resources.

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Scarcity

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  1. Scarcity I can explain the nature of limited resources and scarcity.

  2. productive resources • The resources that help us produce goods and services

  3. natural resources • “Gifts from nature” like land, water, trees, etc.

  4. capitol resources • Goods that are produced and used to make other goods and services.

  5. human resources • Human effort used to make goods and services.

  6. Natural Resources Capitol Resources Human Resources

  7. How does profit motivate people/businesses?

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