II. ECONOMIC: PROVIDING FOR THE NECESSITIES OF LIFE AND OTHER HUMAN WANTS
A. The Three Factors of Production
1. Land: raw materials, natural resources
2. Labor: human effort, mental or physical
3. Capital: tools
B. Distribution and Trade
1. Direct barter: exchanging one good or service for another
2. Indirect barter: using a symbolic token to procure what is needed
C. Consumption: Use of Goods