Spending money, saving money A4 section Zgorzelec – Krzyżowa business case Monika Milwicz
Economy The amount of money and the way it is spent in a country. Is there a lot of spending money...
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Transcript of Economy The amount of money and the way it is spent in a country. Is there a lot of spending money...
![Page 1: Economy The amount of money and the way it is spent in a country. Is there a lot of spending money or a little bit of spending money? If people in a country.](https://reader036.fdocuments.in/reader036/viewer/2022062423/56649efb5503460f94c0d3af/html5/thumbnails/1.jpg)
Economy• The amount of money and the
way it is spent in a country.
• Is there a lot of spending money or a little bit of spending money?
• If people in a country have money to spend the economy is good.
• If people in a country do not have jobs and don’t have money to spend then the economy is bad.
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Goods• Things (stuff) you can
buy.
• If you can touch it then it’s a “good.”
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Services• When you DO something
for someone it is called a service.
• Teaching• Cleaners • Sales people• Bakers • Doctors • ________________?
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Supply
• The amount of stuff you have to sell.
• The number of things you have to sell.
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Demand• The number of people
who want to buy your goods or services.
• If demand goes up prices go up.
• If demand goes down prices go down.
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Prices go up when everyone wants the same thing.
• Most people want gasoline but there isn’t much to sell.
• When the supply of gas is low (the amount you have to sell) then prices go UP.
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Prices go down when few people want what you are selling.
• Only a few people want to
dirt flavored jelly beans so the price goes down.
• When only a few people want something there is a sale.
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Human Resources
• The workers (people) at
a business.
• Examples: teachers, doctors, sales clerks, waitress, mechanics
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Capital Resources
• The things used at
a place of business.
• Examples: cash register, the building, ovens, desks, chairs
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Natural Resources
• The things found naturally on earth (NOT man made).
• Examples: trees, fish, rocks, rivers
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The things people make or grow is called goods?
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A service is what people provide when they do something to help others.
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Economy is the way a country makes and uses its money.
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A producer is someone who grows or makes something to sell.
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Consumers are people who buy goods and services?
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Supply is term for the amount of goods available to sell?
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When the supply of an object is greater than the demand then the
price goes down.
More stuff than people who want it.
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A shortage of a goods in the marketplace is called a scarcity.
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A plan for how to use your money is called a budget.
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Income is the money you earn for doing a job.
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Expenses are the things that money is spent on.
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The place where people sell
things is called a marketplace.
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When something is made in a factory over and
over on an assembly line it is called mass production.
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By: Miss Hultenius