Chapter 18 Objectives: 7.01, 7.02, 7.03. How Economic Systems Work We choose between: –Needs: things required for survival –Wants: things we desire and.
Unit 1: Introduction to Economics. Chapter 1 Section 1-2 STANDARDS CTE (ECN) 2.1 Apply the concepts of basic economics. CTE (ECN) 2.3 Analyze economic.
Appendix
Chapter 1: What is Economics? Section 2. Slide 2 Copyright © Pearson Education, Inc.Chapter 1, Section 2 Objectives 1.Explain why every decision involves.
