N Hi! My name is Stan and today I am going to teach you about economics. Economics is the study of the making, buying, and selling of goods or services.
N Economics is the study of the making, buying, and selling of goods or services.
What is Economics? n Economics is the study of how people choose to use resources n Everyone has basic needs and wants: a need is something necessary like.
ECONOMICS UNDERSTANDING SUPPLY AND DEMAND. ESSENTIAL QUESTIONS n How do competition, markets, and prices influence people’s behavior in consuming? n How.
Economics How does it connect to me?. I Can Statements n I can describe scarcity, and explain how scarcity forces people to make economic choices. n I.
Essential Question: How do economic systems answer the questions of what, how, and for whom to produce?
