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?
Save it
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
define the problem
identify the chooses
Evaluate the advantages
Think of your solutions
Act on your decision
Review your decision
- scarcity is the basic economic plan
- Limited
- Resources
- Wants
- Affects
- Business and governments
- People (Consumers)
- Families
Chapter 2 Notes Economic Systems
Why County's spend money and how they make dissions as well.