Goods made by people and used to produce other goods and services are called Capital Resources . Examples of these are trucks, computers, lawn mowers and hammers. Services are activities that satisfy people's wants. People who use goods and services are called Consumers . People who use resources to make goods and provide services are called Producers .
People are both consumers and producers.
Interdependence is when people need one another. Resources are limited or scarce . When resources are used up or consumed , they cannot be used to produce other goods or services. Money is a medium of exchange or trade . People save their money when they put it away to spend later.