Chapter 1power Point
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Economic Decisions & Systems Collin Fidler 3 rd block
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Transcript of Chapter 1power Point
Economic Decisions & SystemsCollin Fidler 3rd block
My Family’s Needs & Wants
• Needs: Foods, Shelters, Water.• Wants: A new car, The new best phones, A
bigger house.
The Difference Between Goods and Services
• GOODS: Things you can see and touch you can purchase these to meet your needs and wants.
SERVICES
• Activity that is produced at the same time it is consumed.
Human Resources
Capital Resources
