ESSENTIAL ESSENTIAL ELEMENTSELEMENTS
OFOF
ECONOMICS ECONOMICS By Suzanne Delahanty VPSS Soc. Science T2 Week 5
1
CompetitionPricing
Exists when there are not enough resources to satisfy human wants
2
Four Factors of ProductionFour Factors of Production
3
Four Types of Economic Systems
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Seven Fundamentals of Market Economy
5
Four Components of an Enterprise / Capitalist System
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Factors Affecting Demand
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Factors That Affect or Change Supply
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Factors That Affect Prices
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Characteristics of Perfect Competition
10
Protections For Consumers
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