Economics
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| Economics | the study of how you make choices to use their scarce resources in an attempt to satisfy their unlimited wants
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| Need | Something essential for survival (ex. Food, water, shelter)
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| Want | Something people desire, not needed for survival
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| Goods | Physical objects that someone produces (ex. Shoes, boots, coats)
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| Services | Actions or activities that one person performs for another (ex. Haircut, nails, concerts)
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| Factors of Production | Resorces that are used to create goods and services
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| Land or Natural Resources | includes atmospheric resources like rain, sunlight, and wind (ex. Oil, gas, trees)
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| Labor or Human Resources | the effort of people devoted to a task for which they are paid
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| Capital | any human made resource that is used to produce other goods and services, includes money
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| Entrepreneur | Risk Taker
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
alaynaj
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