4th Grade Social Studies Ch. 1: Lesson 2-4. 3 rd Grade Economics Vocabulary Natural ResourcesScarcity Opportunity CostRegion Renewable ResourcesEconomy.

4th Grade Social 4th Grade Social Studies Ch. 1: Studies Ch. 1:

Lesson 2-4Lesson 2-4

33rdrd Grade Economics Grade Economics VocabularyVocabulary

Natural ResourcesNatural Resources ScarcityScarcity

Opportunity CostOpportunity Cost RegionRegion

Renewable ResourcesRenewable Resources EconomyEconomy

Non-Renewable ResourcesNon-Renewable ResourcesSpecializationSpecialization

Capital ResourcesCapital Resources ConservationConservation

Human ResourcesHuman Resources

What do we call the system people use to What do we call the system people use to produce goods and services?produce goods and services?

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EconomyEconomy

What do we call the things we use every day What do we call the things we use every day that come from nature such as water, that come from nature such as water,

gasoline, iron, air, and wood?gasoline, iron, air, and wood?

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Natural ResourcesNatural Resources

What do we call the protection and wise use of What do we call the protection and wise use of natural resources?natural resources?

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ConservationConservation

What do we call resources that can be What do we call resources that can be replaced or renewed such as wood from trees replaced or renewed such as wood from trees

and fisheries?and fisheries?

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Renewable ResourcesRenewable Resources

What do we call an area that has one or more What do we call an area that has one or more features in common?features in common?

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RegionRegion

What do we call resources in nature that What do we call resources in nature that cannot be replaced such as oil, iron ore, and cannot be replaced such as oil, iron ore, and

copper?copper?

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Non-Renewable Non-Renewable ResourcesResources

What do we call what happens when people What do we call what happens when people make the goods they are best able to produce make the goods they are best able to produce

with the resources they have?with the resources they have?

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SpecializationSpecialization

What do we call a person and the skills he or What do we call a person and the skills he or she brings to a job?she brings to a job?

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Human ResourcesHuman Resources

What do we call a tool, machine, or building What do we call a tool, machine, or building that people use to produce goods and that people use to produce goods and

services?services?

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Capital ResourcesCapital Resources

What do we call the thing you give up when What do we call the thing you give up when you decide to do or have something else?you decide to do or have something else?

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Opportunity costOpportunity cost

What do we call not having as much of What do we call not having as much of something as people would like?something as people would like?

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ScarcityScarcity