Economics Next Chapter 1 Copyright © by Houghton Mifflin Harcourt Publishing Company The Economic Way of Thinking. - ppt download

Copyright © by Houghton Mifflin Harcourt Publishing Company Next Previous Economics Chapter 1 Section-1 KEY CONCEPTS Wants — desires that can be met by consuming products Needs — things necessary for survival Scarcity — lack of resources available to meet all human wants not a temporary shortage Economics — study of how people use resources to satisfy wants — examines how individuals and societies choose to use resources — organizes, analyzes, interprets data about economic behaviors — develops theories, economic laws to explain economy, predict future Scarcity: The Basic Economic Problem What Is Scarcity?
Copyright © by Houghton Mifflin Harcourt Publishing Company Previous Economics Chapter 1 Print Slide Show 1.On the File menu, select Print 2.In the pop-up menu, select Microsoft PowerPoint If the dialog box does not include this pop-up, continue to step 4 3.In the Print what box, choose the presentation format you want to print: slides, notes, handouts, or outline 4.Click the Print button to print the PowerPoint presentation

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The Economic Way of Thinking- Chapter 1Section 1: Scarcity: The Basic Economic ProblemSection 2: Economic Choice Today: Opportunity CostSection 3

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Economics Next Chapter 1 Copyright © by Houghton Mifflin Harcourt Publishing Company The Economic Way of Thinking. - ppt download