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Section 1: Basics of Economics (Clairmont Press)

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26 Chapter 3: Economic Understandings
© 2017 Clairmont Press, Inc. DO NOT DUPLICATE 1-800-874-8638
Name: Date: Class:
Chapter 3: Economic Understandings
Section 1: Economic Fundamentals
Section 1: Basics of Economics
Directions: Write want or need based on the description.
______________________ 1. housing or shelter
______________________ 2. health care
______________________ 3. luxury car
______________________ 4. game system
______________________ 5. school
______________________ 6. food
______________________ 7. clothing
______________________ 8. television
______________________ 9. computer
______________________ 10. smartphone
Directions: Write good or service based on the description.
______________________ 11. video game
______________________ 12. lawyer
______________________ 13. chef
______________________ 14. food
______________________ 15. book
______________________ 16. author
______________________ 17. doctor
______________________ 18. nurse
______________________ 19. wallet
______________________ 20. bank
Directions: Complete the chart by writing an example in each box.
Natural Resources Capital Workers Human Resources Entrepreneurship
Renewable Capital Goods Specialized
Workers
Job Training Definition
Nonrenewable Capital Goods Specialized
Workers
Education Example
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Completed 16 March 2021

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