Thursday, January 29, 2009

Economic Dissions edited in word



  • Economic Decision That business That You Really Need



  •  Air (Oxygen)



  •  A House (shelter)



  •  A job



  • Clothes



  • Food



  • Water



  • Things you want



  • Clothes



  • Jewelry



  • Laptop



  • Music



  • Vehicles


You are given one million dollars what will you do with it?




  1.  Save it



  2. Invest it




  • Buy some services with it




    •  Hire an investor



    •  Take Vacations 



  • Economic resources   



  • Natural resource



  • All things made by the earth 



  •   Human Resources (Labor)



  • Teachers



  • Public servants




    • Firefighters



    • Policemen



    • DMV worker



  • Tools




    • Computers  



    • Factories



    • Tools



    • The Internet




      • E-mail



    • Office Buildings



  •  Limited resources




    • We don't have many of these



    • scarcity affects everyone



    • Many aren't affordable because of wages ,pay, of families 



    • Like teacher can't afford anything a doctor can because of scarcity.



    • Government  can also be affected because of scarcity



  • How to make economic dissions




    1. define the problem



    2. identify the chooses



    3. Evaluate the advantages



    4.  Think of your solutions



    5. Act on your decision



    6. Review your decision   


Chapter 1 review

We've learned needs and wants like air and water and food.

Also plus food and our needs like cars and jewelry and etc...

Also we thought  during the last lesson  what will we do with a million dollars and the factors of production and now about scarcity.




  • scarcity is the basic economic plan


  • Limited



    • Resources


    • Wants




  • Affects



    • Business and governments


    • People (Consumers)



      • Families

 

 Always make good decisions with your money and chooses. Also review your Decisions

Chapter 2 Notes Economic Systems


Why County's spend money and how they make dissions as well. 


What goods scold be produced? How Shod they be made and services to whom needs it ? This is a Economic System

Market Economy,Planned Economy and Custom-based Economy!

Things are produced by they are some are controlled by an government .

Rules Of Supply and demands

First know the economic roles

First is your consumer role your dollar votes and  

demand  - the quantity  of a product or service that consumer are able to buy.

and 

Supply    The quantity of service that the business provides to the consumer.

But demand determines supply if no demand there be no surply  

 

 

 

 

 


 


 


 


 


  


 


  


 


  


 

 

 

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