Ch 05
Intro to Econ Notes. The basic economic problem is that ______________ exists. Productive resources are ____________, but our desire for goods (food,
1. Unit 1: Basic Economic Concepts “Econ, Econ” Econ 2.
Higher Business Management unit 1
Production Possibilities When faced with SCARCITY of resources, decisions have to be made about how to use those resources Trade-offs Opportunity Costs.
When faced with SCARCITY of resources, decisions have to be made about how to use those resources Trade-offs Opportunity Costs.
Product Design Pricing and Strategies 2 Chapter Objectives Differentiate between a product item and product line. Classify products as consumer goods.
Economics. Definitions: Section 1 Demand: Quantity purchased at a given price over a period of time Supply: Quantity produced at a given price over.
Unit 1 Problem Set Rubric. 1.Put away you pen and pencils 2.Put your name and write “Graded by:” 3.After grading each question, write in their score in.
1 Business Management UNIT 1 1.1 - What do businesses do?
Agenda- 12/2 1. Turn in 8.1 Labor WS, Tucker Questions, and Guided reading WS (yellow) 2. Current Events 3. Review Taxes and GDP 4. Unit 3 Quiz 5. Stock.
1. Unit 1: Basic Economic Concepts 2 “Econ, Econ” Econ.
