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Economic

Published on Dec 14, 2015

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PRESENTATION OUTLINE

1.

ECONOMICS

THE PRODUCTION AND CONSUMPTION OF GOODS AND SERVICES
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2.

ECONOMY

SYSTEM IN WHICH PEOPLE GET WHAT THINGS THEY NEED OR WANT
Photo by 401(K) 2013
3.

NEED

SOMETHING YOU MUST HAVE TO SURVIVE
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4.

WANT

SOMETHING YOU DESIRE TO HAVE
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5.

BUDGET

THE AMOUNT OF MONEY AND TIME TO SPEND OVER A CERTAIN TIME
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6.

TRADE

GOOD AND SERVICES THEPAT PEOPLE EXCHANGE
7.

GOODS

THINGS PEOPLE NEDD OR WANT ( FOOD,CAR,IPHONE4)
Photo by Robert S. Donovan
8.

SERVICES

WHEN YOU DO SOMETHING FOR OTHERS
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9.

PRODUCERS

PEOPLE WHO CREATE GOODS OR PRVIDE SERVICES
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10.

CONSUMERS

PEOPLE WHO PURCHASE GOODS AND SERVICE
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11.

SUPPLY

THE AMOUNT OF A GOOD SOMEONE HAS IN STOCK
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12.

DEMAND

THE AMOUNT OF GOODS THAT PEOPLE WANT TO BUY
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13.

PROFIT

THE AMOUNT OF MONEY LEFT OVER AFTER YOU HAVE PAID ALL YOUR BILLS
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14.

SCARCITY

LIMITED AMOUNT OF RESOURCES MEANS SOMETHING SHORTAGE
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15.

INTERDEPENTANT

WHEN TWO THINGS DEPEND ON ANOTHER
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