Activator List as many goods and services that you have used in the last day. Then classify each...
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Activator List as many goods and services that you have used in the last day. Then classify each good as one that lasts less than three years or more than three years.
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Transcript of Activator List as many goods and services that you have used in the last day. Then classify each...
Activator List as many goods and services that
you have used in the last day. Then classify each good as one that lasts less than three years or more than three years.
Economic Products
Goods Services
Consumer Goods
Capital Goods
Hair cuts
Ipads Bakery oven Home repairs
paper Computer in school
Musicians
Cars Conveyor belts for factory
Doctors
Hamburgers Tractors Lawyers
Circular FlowEssential Question: How do the parts of the economy work together?
Circular FlowWhat do individuals and households demand from businesses? What do they give them in return?
What do businesses demand from individuals and households? What do they give them in return?
15 Trillion Dollar Pyramid
Economics
Scarcity
Capital
Land
Product Market
Services
Wealth
Factors
Market
Entrepreneurs
