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Chapter 1

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Published in: Business, Technology

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Transcript

  • 1. Chapter 1 Jordan May Block 3 Economic systems
  • 2. Needs and Wants
    • Needs
    • Water
    • Clothes
    • Food
    • Wants
    • New car
    • cell phone
    • Big house
  • 3. Goods
    • goods are things you can see and touch
    • Goods
    • Food
    • shoes
  • 4. Services
    • services are activities that are consumed at the same time that they are produced
    • Services
    • Car wash
    • Hair cut
  • 5. Natural Resources
    • Rivers
    • Trees
    • Vegetables
  • 6. Human Resources
    • Grocery store owner
    • Farmer
    • Truck driver
  • 7. Capital resources
    • Buildings
    • Equipment
    • money