Economics Terms

Throughout the year, we will be talking about the economies of different countries and regions of the world.  So, to get started, we need to answer the question, what is the economy and learn some basic economic terminology. 

Please use this website to help you define the following 10 terms in your notebook.

• producer
• consumer
• human resources
• human capital
• natural resources
• capital
• entrepreneur
• profit
• Gross Domestic Product (GDP)
• inflation