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Slide Notes

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Economy Project

Published on Nov 19, 2015

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PRESENTATION OUTLINE

ECONOMY

A SYSTEM IN WHICH PEOPLE GET THINGS THEY NEED OR WANT
Photo by monkeyc.net

WANTS

SOMETHING PEOPLE DESIRE BUT DO NOT NEED
Photo by Monica's Dad

NEEDS

SOMETHING PEOPLE NEED TO SURVIVE

CONSUMERS

THE PEOPLE THAT BUY THE GOODS FROM PRODUCERS
Photo by Gulfu

PRODUCERS

THE PEOPLE THAT MAKE THE GOODS CONSUMERS BUY

TRADE

PEOPLE GIVING OTHER PEOPLE THINGS FOR GOODS
Photo by theqspeaks

SERVICES

PEOPLE DOING SOMETHING FOR A GOOD, MONEY, OR PAYING OFF A DEBT
Photo by Ricky Flores

DEMAND

HOW MUCH PEOPLE WANT IT
Photo by ArtBrom

SCARCITY

WHEN THERE'S NOT ENOUGH OF A ITEM TO MEET THE DEMAND
Photo by blogefl

INTERDEPENDENT

WHEN AT LEAST 2 THINGS DEPND ON EACH OTHER
Photo by DonkeyHotey

PROFIT

THE AMOUNT OF MONEY A BSINESS LEFT AFTER PAYING BILLS AND EMPLOYEES
Photo by 401(K) 2013

ECONOMIC

OF OR RELATING TO THE PRODUCTION,DEVELOPMENT,AND MANAGEMENT OF MATERIAL WEALTH, AS OF A COUNTRY,HOUSEHOLD,OR BUSINESS
Photo by RedGlow82

BUGET

THE AMOUNT SOMEONE HAS TO SPEND FOR A CERTAIN AMOUNT OF TIME
Photo by ecstaticist

GOODS

SOMETHING MADE BY PRODUSERS
Photo by Bekathwia