Economics Activities - Ashleighs Education Journey - Free Printable

Here is the completed Economics Check-Up I worksheet with correct matches and examples:

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Matching Terms with Definitions:

1. C — Goods
→ *Definition: an object people can want or hold*
*(Example: a toy, a book, a car)*

2. E — Services
→ *Definition: an action a person does for someone else*
*(Example: haircut, teaching, delivery service)*

3. A — Natural Resource
→ *Definition: a resource made from nature*
*(Example: water, trees, oil, sunlight)*

4. D — Human Resource
→ *Definition: people who produce goods and services*
*(Example: teachers, doctors, factory workers)*

5. B — Capital Resource
→ *Definition: a resource used to make a good*
*(Example: machines, tools, computers, factories)*

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Short Answer Questions:

6. Give two examples of a natural resource.
→ Water and trees
*(Other acceptable answers: oil, wind, sunlight, minerals, soil)*

7. Give two examples of a human resource.
→ Teacher and construction worker
*(Other acceptable answers: nurse, chef, engineer, cashier)*

8. Give two examples of a capital resource.
→ Factory machine and delivery truck
*(Other acceptable answers: computer, hammer, oven, tractor, cash register)*

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✔ Explanation:

- Goods are physical items you can touch and own — that’s why they match with “an object people can want or hold.”
- Services are intangible actions performed for others — like haircuts or lessons — so they match with “an action a person does for someone else.”
- Natural Resources come directly from nature — untouched by human hands — like water, forests, or coal.
- Human Resources refer to the people who work to create goods and services — their labor and skills are key economic inputs.
- Capital Resources are man-made tools or equipment used to produce other goods — not the final product itself, but what helps make it.

This worksheet teaches the basic factors of production: Land (Natural), Labor (Human), and Capital, plus the outputs: Goods & Services.

Let me know if you’d like this turned into a printable answer sheet! 😊