Study of how goods and services are produced, distributed and consumed.

24
Study of how goods and services are produced, distributed and consumed Define Economics

Transcript of Study of how goods and services are produced, distributed and consumed.

Page 1: Study of how goods and services are produced, distributed and consumed.

Study of how goods and services are produced, distributed and consumed

Define Economics

Page 2: Study of how goods and services are produced, distributed and consumed.

How are decisions made in Market, Command and Traditional economies?

Page 3: Study of how goods and services are produced, distributed and consumed.

What is a mixed economy?

Page 4: Study of how goods and services are produced, distributed and consumed.

What are the Factors of Production?

Page 5: Study of how goods and services are produced, distributed and consumed.

Sammi buys a glue machine for his shoe factory expansion

Ivan buys a coal mine to get coal for his steel mill……What is the coal?

Rob sends the mechanics in his shop to a 2 week school about auto GPS repair

What are the Factors of Production?

Page 6: Study of how goods and services are produced, distributed and consumed.

Explain what scarcity is.

Page 7: Study of how goods and services are produced, distributed and consumed.

PricesSupplyDemand

What is the relationship between:

Page 8: Study of how goods and services are produced, distributed and consumed.

What are goods?

Page 9: Study of how goods and services are produced, distributed and consumed.

What is an investment?

Page 10: Study of how goods and services are produced, distributed and consumed.

What?How?For whom…who gets it?

What 3 questions are answered by economic systems?

Page 11: Study of how goods and services are produced, distributed and consumed.

What is Gross Domestic Product?

Page 12: Study of how goods and services are produced, distributed and consumed.

Natural resourcesEmploymentLiteracy rateClimatePolitical issues….war, revolution, treaties, trade agreements(tariffs, quotas,etc)Geography…

Factors that increase/decrease GDP

Page 13: Study of how goods and services are produced, distributed and consumed.

What is inflation?

Page 14: Study of how goods and services are produced, distributed and consumed.

Water, sewer serviceRoads, traffic controlPublic services: Police, Fire, EMTschoolsMedical facilitiesEntertainment

What is meant by standard of living?List some characteristics:

Page 15: Study of how goods and services are produced, distributed and consumed.

What is literacy rate? How does it impact a country’s economy?

Page 16: Study of how goods and services are produced, distributed and consumed.

TariffQuotaEmbargo

Name the 3 major barriers to trade?

Page 17: Study of how goods and services are produced, distributed and consumed.

This is an example of ?

Iraq invades Kuwait. All members of the European Union express their outrage buy cutting off all trade with Iraq.

Page 18: Study of how goods and services are produced, distributed and consumed.

This is an example of ?

Imported snake-head fish from China are being set loose in US rivers and streams. These fish are killing all other fish in the area. The US government adds a 50.00 import fee on each snake-head fish imported into the US.

Page 19: Study of how goods and services are produced, distributed and consumed.

This is an example of?

Imported champagne from France is hurting the business of California’s wine producers. The US sets a 1500 bottle limit on the number of imported bottles from France.

Page 20: Study of how goods and services are produced, distributed and consumed.

Which country?

Mixed market, former Command economy, high poverty, crime, corruption, many natural resources, not an EU member

Page 21: Study of how goods and services are produced, distributed and consumed.

Which country?

Founding EU member, high standard of living, many exports, Eastern half is still recovering from being part of the Soviet Union’s command economy

Page 22: Study of how goods and services are produced, distributed and consumed.

Which country?

Mixed-market economy, EU member, London is very important Financial trade center, does not use the Euro

Page 23: Study of how goods and services are produced, distributed and consumed.

What is a partnership?

Page 24: Study of how goods and services are produced, distributed and consumed.

What is a corporation?


Enzymes 1.7. Enzymes proteins produced by cells biological catalysts speed up chemical reactions without being consumed.

Enzymes 1.7. Enzymes proteins produced by cells biological catalysts speed up chemical reactions without being consumed.

Every Society Must Answer 3 Questions: What goods will be produced? How will the goods be produced? For whom will the goods be produced? Economic System:

Every Society Must Answer 3 Questions: What goods will be produced? How will the goods be produced? For whom will the goods be produced? Economic System:

3 Questions. 3 questions every society must answer allocation of resources What goods shall be produced? How will the goods be produced? For whom will.

3 Questions. 3 questions every society must answer allocation of resources What goods shall be produced? How will the goods be produced? For whom will.

U.S. Department of Labor’s List of Goods Produced by Child ... · goods from 70 countries that iLAB believes are produced with child labor or forced labor. The 2010 update adds

U.S. Department of Labor’s List of Goods Produced by Child ... · goods from 70 countries that iLAB believes are produced with child labor or forced labor. The 2010 update adds

Economic Theories€¦ · Economic Theories 1) What and how are much should be produced 2) How goods and services should be produced 3) Who gets the goods and services that are ...

Economic Theories€¦ · Economic Theories 1) What and how are much should be produced 2) How goods and services should be produced 3) Who gets the goods and services that are ...

CONCRETE VSL STORAGE STRUCTURES · produced but consumed at a fairly uniform rate, or continuously produced at a fairly uniform rate but consumed in an irregular manner. A further

CONCRETE VSL STORAGE STRUCTURES · produced but consumed at a fairly uniform rate, or continuously produced at a fairly uniform rate but consumed in an irregular manner. A further

bura.brunel.ac.uk  · Web view2017-03-01 · During the 1960s, some commentators had noted a distinctive difference in how mass produced goods were being consumed. A typical illustration

bura.brunel.ac.uk  · Web view2017-03-01 · During the 1960s, some commentators had noted a distinctive difference in how mass produced goods were being consumed. A typical illustration

1 Chapter 3 Stoichiometry. 2 The study of quantities of materials consumed and produced in chemical reactions.

1 Chapter 3 Stoichiometry. 2 The study of quantities of materials consumed and produced in chemical reactions.

Logix5000 Controllers Produced and Consumed Tags

Logix5000 Controllers Produced and Consumed Tags

PORT HAWAII: OUR COMMERCIAL HARBOR SYSTEM...all goods consumed in Hawaii are imported, and 98.6% of the imported goods arrive through the commercial harbor system. Hawaii’s residents

PORT HAWAII: OUR COMMERCIAL HARBOR SYSTEM...all goods consumed in Hawaii are imported, and 98.6% of the imported goods arrive through the commercial harbor system. Hawaii’s residents

+ Supply and Demand Why are some goods produced and not others?

+ Supply and Demand Why are some goods produced and not others?

GOVERNMENT AND THE ECONOMY Chapter 23. The Role of the Government Providing Public Goods Business produce private goods (goods that when consumed by an.

GOVERNMENT AND THE ECONOMY Chapter 23. The Role of the Government Providing Public Goods Business produce private goods (goods that when consumed by an.

Chapter 20 Section 1. Providing Public Goods What Are Private Goods? Private Goods- Goods that, when consumed by one individual, cannot be consumed.

Chapter 20 Section 1. Providing Public Goods What Are Private Goods? Private Goods- Goods that, when consumed by one individual, cannot be consumed.

Logix 5000 Controllers Produced and Consumed Tags

Logix 5000 Controllers Produced and Consumed Tags

The Three Fundamental Questions What gets produced, and in what quantities? How are these goods produced? For whom are these goods produced ? : We can’t.

The Three Fundamental Questions What gets produced, and in what quantities? How are these goods produced? For whom are these goods produced ? : We can’t.

Connection Produced/Consumed tags Through a Network ... · 1/14/2019 638107 - Produced/Consumed tags Through a Network Address Translation Connection ...

Connection Produced/Consumed tags Through a Network ... · 1/14/2019 638107 - Produced/Consumed tags Through a Network Address Translation Connection ...

Customized versus Mass- Produced Services: The Innovation ... · 2 Custom vs. Mass Produced Goods v The development of mass produced goods took decades v Mass production systems are

Customized versus Mass- Produced Services: The Innovation ... · 2 Custom vs. Mass Produced Goods v The development of mass produced goods took decades v Mass production systems are

Logix5000 Controllers Produced and Consumed Tagsplccompare.com/.../02/RS-Logix-5000-Produced-and-Consumed-Tags.pdfOpen the RSLogix 5000 programming software, and select a controller.

Logix5000 Controllers Produced and Consumed Tagsplccompare.com/.../02/RS-Logix-5000-Produced-and-Consumed-Tags.pdfOpen the RSLogix 5000 programming software, and select a controller.

Hard Goods Vendor Compliance Manual - Orvis · Hard Goods Vendor Compliance Manual Hard goods are defined as products that aren’t consumed or quickly disposed of, and that can be

Hard Goods Vendor Compliance Manual - Orvis · Hard Goods Vendor Compliance Manual Hard goods are defined as products that aren’t consumed or quickly disposed of, and that can be

U.S. Department of Labor’s List of Goods Produced …...U.S. Department of Labor’s List of Goods Produced by Child Labor or Forced Labor u.s. department of labor’s bureau of

U.S. Department of Labor’s List of Goods Produced …...U.S. Department of Labor’s List of Goods Produced by Child Labor or Forced Labor u.s. department of labor’s bureau of