Economics The Money Behind It All
Supply And Demand <ul><li>Supply is what you have and how much you can sell without running out.  </li></ul><ul><li>Demand...
Goods And Services  <ul><li>A good is something you can buy in the form of an object.  </li></ul><ul><li>A service is some...
Renewable And Non-renewable resources  <ul><li>Renewable means it can be reproduced or rebuilt.  </li></ul><ul><li>Nonrene...
Bartering <ul><li>Bartering, or trading, was the only way people could get something aside crime.  </li></ul><ul><li>Barte...
Legal Tender  <ul><li>Legal Tender, also known as money, is what a country, state, city, or continent uses as approved mon...
Interest  <ul><li>Interest is a fee paid to you when you let a bank use your money.  </li></ul><ul><li>Sometimes interest ...
Loan <ul><li>A loan is when someone lets someone else use their money.  </li></ul><ul><li>When you loan money, the person ...
Money Firsts <ul><li>The first coins were made in Lydia in 600 B.C.  </li></ul><ul><li>The first dollar was made in 1794. ...
Inflation And Recession <ul><li>The upward price movement.  </li></ul><ul><li>The decline of prices. </li></ul>
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Brock and Noah

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Brock and Noah

  1. 1. Economics The Money Behind It All
  2. 2. Supply And Demand <ul><li>Supply is what you have and how much you can sell without running out. </li></ul><ul><li>Demand is how many of your products are being sold. </li></ul>
  3. 3. Goods And Services <ul><li>A good is something you can buy in the form of an object. </li></ul><ul><li>A service is something a person does for you. </li></ul>
  4. 4. Renewable And Non-renewable resources <ul><li>Renewable means it can be reproduced or rebuilt. </li></ul><ul><li>Nonrenewable means once it is gone, it is gone forever. </li></ul>
  5. 5. Bartering <ul><li>Bartering, or trading, was the only way people could get something aside crime. </li></ul><ul><li>Bartering is a way to get rid of something they don’t need or want anymore. </li></ul>
  6. 6. Legal Tender <ul><li>Legal Tender, also known as money, is what a country, state, city, or continent uses as approved money. </li></ul><ul><li>America’s legal tender is the dollar. Europe’s legal tender is the Euro. </li></ul>
  7. 7. Interest <ul><li>Interest is a fee paid to you when you let a bank use your money. </li></ul><ul><li>Sometimes interest goes up. That is good for us because we make more money. </li></ul>
  8. 8. Loan <ul><li>A loan is when someone lets someone else use their money. </li></ul><ul><li>When you loan money, the person who you loaned the money to will have to pay you back. </li></ul><ul><li>Sometimes people charge you extra for how long it takes you to pay them back. </li></ul>
  9. 9. Money Firsts <ul><li>The first coins were made in Lydia in 600 B.C. </li></ul><ul><li>The first dollar was made in 1794. </li></ul>
  10. 10. Inflation And Recession <ul><li>The upward price movement. </li></ul><ul><li>The decline of prices. </li></ul>

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