Capital Resources
Resources made and used to produce and distribute goods and services; examples include tools, machinery and buildings.
Consumers
People who use goods and services to satisfy their personal needs and not for resale or in the production of other goods and services.
Goods
Tangible objects that satisfy economic wants.
Producers
People and firms that use resources to make goods and services.
Production
The act, process or result of manufacturing or refining something.
Services
Activities performed by people, firms or government agencies to satisfy economic wants.
Glossary terms from: http://www.econedlink.org/lessons/index.php?lid=464&page=teacher
