Unit 2 Lesson 1: Using Resources to Produce Goods and Services in Michigan
Section outline
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- Geography is the study of places and how people interact with the environment.
- One way people interact with the environment is by using natural resources.
- Economics is the study of how people use limited resources to produce goods and services that people need or want.
- Natural resources are studied in both geography and economics.
- People also use human and capital resources to produce goods and services.
- An entrepreneur is someone who combines the natural, human, and capital resources to produce goods or services.
- Geography is the study of places and how people interact with the environment.