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Economics

Published on Dec 13, 2015

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PRESENTATION OUTLINE

1.

ECONOMY

A SYSTEM IN WITCH THE PEOPLE GET THE THINGS THEY NEED OR WANT
Photo by Sprengben [why not get a friend]
2.

BUDGET

THE AMOUNT OF MONEY A PERSON HAS TO SPEND OVER A CERTAIN PERIOD OF TIME
Photo by mynameisharsha
3.

TRADE

PEOPLE IN NATIONS EXCHANGE FOODS AND SERVICES
Photo by epSos.de
4.

WANTS

THINGS YOU DESIRE BUT DO NOT NEED IT TO LIVE
Photo by William Hook
5.

NEEDS

SOMETHING YOU HAVE TO HAVE TO LIVE
Photo by » Zitona «
6.

SERVICES

DOING SOMETHING FOR OTHER PEOPLE
Photo by Mabar
7.

PRODUCER

PEOPLE WHO CREATE GOODS AND PROVIDE SERVICES
Photo by brewbooks
8.

CONSUMERS

PEOPLE WHO PURCHASE OR USE GOODS AND SERVICES
Photo by Leonrw
9.

DEMAND

AMOUNT OF A GOOD PEOPLE WANT TO BUY
Photo by libraryman
10.

SUPPLY

AMOUNT OF A GOOD SOMEONE HAS IN STOCK
Photo by ecstaticist
11.

PROFIT

THE AMOUNT OF MONEY YOU HAVE AFTER PAYING OVER HEAD COST
Photo by c_ambler
12.

SCARCITY

LIMITED AMOUNT OF RESOURCES MEANS YOU HAVE A SHORTAGE
Photo by mybulldog
13.

INTERDEPENDENCE

WHEN TWO THING DEPEND ON ONE ANOTHER
Photo by WilliamMarlow
14.

GOODS

THINGS PEOPLE NEED OR WANT
Photo by Ed Callow [ torquespeak ]
15.

THANKS FOR WATCHING:)

BY:CAITLYN OSBORN
Photo by Will Montague

Caitlyn Osborn

idk