American Community Civics for High Schools And Junior High Schools

Cover American Community Civics for High Schools And Junior High Schools
American Community Civics for High Schools And Junior High Schools
Adelbert Grant Fradenburgh
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5. Give your own or a neighbor's experience with a garden.
CHAPTER VII THE ECONOMIC LIFE OF A COMMUNITY Goods and their Utility. A good is any thing that sat- isfies a human want. It may be a material thing, such as an automobile, or it may be a personal service, such as that rendered by a surgeon. Some goods, such as air, sunshine, and water, are usually supplied by nature in such quantities that there is enough for all such goods are free goods. Other goods are limited in quantity and usually
... require labor and machinery to produce them; these are economic goods and are often called wealth. The capacity of goods to supply a want is called utility.
Production of Material Goods. It is hardly necessary to say that man cannot add to the amount of material in the world, but he may change its form and place. Factories change the form of material things so that they may satisfy our wants. A furniture factory does not add to the amount of lumber in existence, but it changes it into tables and chairs.


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