Chapter 1 Ppt

Post on 18-Jan-2015

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Wants and needs!

Transcript of Chapter 1 Ppt

Dylan Dow

Economic Systems

NeedsHouseFood/WaterTransportation

WantsVacationNew expensive carLarge vacation home

Goods are things you can see and touch; they are products you can purchase to meet your wants and needs.

Services are activities that are consumed at the same time they are produced.

Water Oil Trees/Wood

Cleaner Window Wiper Oil Changer

Buildings Tools Factories