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The top documents tagged [goods physical objects]
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NEXT The Economic Way of Thinking. NEXT Chapter 1: The Economic Way of Thinking Scarcity is the situation that exists because wants are unlimited and
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T HE E CONOMIC W AY OF T HINKING Chapter 1. KEY CONCEPTS Economics study of how people use resources to satisfy wants how individuals/societies choose
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Wants – Needs – People always want more, no matter what they have wants are unlimited, but resources to fill are limited Scarcity – not
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NEXT The Economic Way of Thinking. NEXT Chapter 1: The Economic Way of Thinking KEY CONCEPT Scarcity is the situation that exists because wants are unlimited
223 views
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Chapter 1 Section 1. You’re a Consumer As a consumer you use goods and services. Goods– physical objects that are produced. Services—actions that
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BUSINESS BASICS Final BUSINESS BASICS Final. An entrepreneur is a risk-taker in search of profits
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Economics El Dorado High School Spring, 2015 Mr. Ruiz
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