Economic Essentials #1 What is economics?. Economics The study of the choices people make to satisfy...
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Economic Essentials #1 What is economics?
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Transcript of Economic Essentials #1 What is economics?. Economics The study of the choices people make to satisfy...
Who decides what to make?
• Producers:
–Makers of products
–How do they decide what to make?
• Consumers:
–Those who decide to buy things
–How do they decide what to buy?
Which one do you buy?
• 75 cents • $1.25
WHY???