Chapter 1.notebook
September 08, 2012
Chapter 1: Lesson 2 ‐ Our Nation's Resources
Cues
Notes
Natural
Natural resources include renewable, non‐
renewable, and flow resource
Natural Resources = useful materials from
nature
Renewable Resources = can be replaced or
renewed
> Example: wood, fis
Non‐Renewable Resources= can't be replaced
> Example: Oil, coal, minerals
Flow Resources = can only be used at a
certain time and place
> NOT renewable OR non‐renewable
> Example: Sun, wind, water
Other
Important
Resources
MAIN IDEA: people use capital
resources and human resource
to produce goods and services.
Capital Resource = a tool,
machine, or building used to
produce goods & services
Human Resource = a person and
the skills and knowledge they
bring to their job
Resources
Farmer
Peanuts
Peanut
Factory
Human Resource
Natural Resource
Peanut
Butter!
Capital Resource
Finished good/product
Scarcity = not having as much of
something as you need
> Example: Ms. Puthiyottil has a scarcity of
money, so she must be careful about what
she buys
Opportunity Cost = the thing you
give up when you decide to not
have something else
> Example: If you have $10, and you want to
buy a book or a video game, you might
have to give up the video game in order to
get the book. The video game is the
opportunity cost!
Conservation = the protection and
wise use of natural resources
> Example: recylcing! Protecting forests,
turning offthe water and light
Summary:
Natural resources, human resources, and capital resources are
used to provide goods and services
Because of scarcity, people make decisions about what they
want most and what they can do without
Conservation is one important way to preserve natural
resources
BIG IDEA: The choices we make TODAY about how we use
natural resources will affect the resources that are left for
people in the future!
1