enSCResources22
household:One or more persons living in a dwelling
labourforce:People in the working age population who are willing and able to work
circularflow:Diagram representing the real and money flows in an economy
consumption:Using up of goods and services
interdependent:Relying on each other
consumer:Someone who uses goods and services
specialisation:Focusing on a particular job or task
divisionoflabour:When a task is divided up inmto different parts which are carried out by different groups of workers
producer:Someone who makes goods and services
means:Our personal resources that we use to stay alive and enjoy a certain lifestyle
capital:Human-made goods used in the production of other goods and services
naturalresources:Occur in nature and are used in the production of goods or services
resources:The inputs used in production processes
humanresources:The work of people in the production of goods and services
entreprenuership:The skill of a person who is a risk taker and co-ordinates the other resources in the production process.
renewable:Natural resources that will naturally regenerate
recycle:To remake a good once it has been used
capitalintensive:A production process where human-made resources are relatively more important than other resources
labourintensive:A production process where human resources are relatively more important than other resources
consumergood:A final good used up by households
deforestation:When forests disappear due to overfelling, burn-offs or acide rain, and they are not replaced
obsolescence:When things are no longer in use or are out of date and are likely to be discarded
Resources
PENRUIEENSRPRETH
The skill of a person who is a risk taker and co-ordinates the other resources in the production process.
IOSNIOAFIUVRDBLO
When a task is divided up inmto different parts which are carried out by different groups of workers
PIAINTETECLNVAIS
A production process where human-made resources are relatively more important than other resources
ISVUNNEBTIOERAL
A production process where human resources are relatively more important than other resources
AFEETRTSDOONI
When forests disappear due to overfelling, burn-offs or acide rain, and they are not replaced
BOEECLCEONSS
When things are no longer in use or are out of date and are likely to be discarded
SAEMN
Our personal resources that we use to stay alive and enjoy a certain lifestyle
AOLRCUFOREB
People in the working age population who are willing and able to work
IACPLAT
Human-made goods used in the production of other goods and services
LTROSRCUEAANESUR
Occur in nature and are used in the production of goods or services
ILFRLWAOUCCR
Diagram representing the real and money flows in an economy
ARSERUHSEONCMU
The work of people in the production of goods and services