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Economics Basics
What is an example of a Producer ?
What is economics ?
Economics Basics
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1
What is economics ?
How much money is in the U.S
How humans produce, distribute , and consume goods and services
How humans get goods and services
The study of how humans make money
2
What is an example of a Producer ?
A teacher
A Walmart employee
A dancer
A farmer
3
Buying Ice cream
Service
Good
4
Which of the following is considered a service ? (hint- pick 3)
Hair Dresser
Nail Tech
Dog Groomer
Football Helmet
5
You have to spend at least $5 to be considered a consumer
False
True
6
Which of the following is considered a need?
To shop with Arielle's small business (follow @Ariscrafts on instagram)
A warm meal
A hot shower
New summer clothes
7
factors that shape the price, availability, and demand of a good/service
demand
market forces
supply
competition
8
the part of economics concerned with single factors and the effects of individual decisions
Microeconomics
Macroeconomics
