Chapter 1 Ppt
7
Dylan Dow Economic Systems
description
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