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Economy

Published on Jan 01, 2016

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PRESENTATION OUTLINE

ECONOMY

A SYSTEM IN WHICH PEOPLE GET THE THINGS THEY NEED AND WANT
Photo by ecstaticist

WANTS

SOMETHING YOU DESIRE
Photo by NeoGaboX

TRADE

PEOPLE IN NATION EXCHANGE
Photo by b-duss

SERVICE

DO SOMETHING FOR OTHER
Photo by Ian Muttoo

CONSUMERS

PEOPLE WHO PURCHASE OR USE THE GOODS AND SERVICES

DEMAND

THE AMOUNT OF GOODS CONSUMERS WANT TO BUY
Photo by theqspeaks

SCARCITY

LIMITED AMOUNT OF RESOURCES, SO ETIMES A STORAGE
Photo by Ikhlasul Amal

NEEDS

THINGS YOU MUST HAVE

BUDGET

THE AMOUNT OF MONEY A PERSON HAS AVAILABLE TO SPEND

GOODS

THINGS PEOPLE NEED OR WANT THAT THEY BUY
Photo by williamcho

PRODUCERS

PEOPLE WHO CREATE GOODS OR PROVIDE SERVICE

SUPPLY

THE AMOUNT OF GOOD SOMONE HAS IN STOCK

PROFIT

THE AMOUNT OF MONEY LEFT LEFT AFTER PAYING FOR RESOURCES
Photo by 401(K) 2013

INTERDEPENDENCE

AT LEAST TWO THINGS DEPEND ON ONE ANOTHER
Photo by edibleoffice