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WHAT IS AN ECONOMY?. Economy or Economic System The way a nation makes choices. These choices involve how the nation will use its resources to produce.
WHAT IS AN ECONOMY?. Economy or Economic System The way a nation makes choices. These choices involve how the nation will use its resources to produce.
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Chapter 1: What is Economics? Section 1. Slide 2 Copyright © Pearson Education, Inc.Chapter 1, Section 1 Objectives 1.Explain why scarcity and choice.
Chapter 1: What is Economics? Section 1. Slide 2 Copyright © Pearson Education, Inc.Chapter 1, Section 1 Objectives 1.Explain why scarcity and choice.
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Sudan. Overview Capital: Khartoum Area: 2,505,810 km² Population: 41,236,378 (2006 estimate) Languages: Arabic (official), local dialects of Nubian, Nilotic,
Sudan. Overview Capital: Khartoum Area: 2,505,810 km² Population: 41,236,378 (2006 estimate) Languages: Arabic (official), local dialects of Nubian, Nilotic,
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What is Economics? Scarcity and Factors of Production Chapter Essential Question How can we make the best economic choices? 9/12, 9/13 9/14, 9/15 9/19.
What is Economics? Scarcity and Factors of Production Chapter Essential Question How can we make the best economic choices? 9/12, 9/13 9/14, 9/15 9/19.
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Chapter 1: The Economic Way of Thinking The Economic Problem Production Possibilities Economic Analysis.
Chapter 1: The Economic Way of Thinking The Economic Problem Production Possibilities Economic Analysis.
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Chapters 1 - 3 Unit 1. Chapter 1 – What is Economics? Society is structured around the idea that everybody has needs and wants. Goods and services fulfill.
Chapters 1 - 3 Unit 1. Chapter 1 – What is Economics? Society is structured around the idea that everybody has needs and wants. Goods and services fulfill.
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Basic Problems in Economics Economics The study of how individuals, families, businesses, and societies use limited resources to fulfill their unlimited.
Basic Problems in Economics Economics The study of how individuals, families, businesses, and societies use limited resources to fulfill their unlimited.
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Bravo Company, 5 th Battalion, 1 st Special Warfare Training Group (Airborne) PERSUADE – CHANGE - INFLUENCE 1UNCLASSIFIED//FOUO Une Présentation Sur L'économie.
Bravo Company, 5 th Battalion, 1 st Special Warfare Training Group (Airborne) PERSUADE – CHANGE - INFLUENCE 1UNCLASSIFIED//FOUO Une Présentation Sur L'économie.
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Marketing Dynamics Copyright © Texas Education Agency, 2014. All rights reserved.
Marketing Dynamics Copyright © Texas Education Agency, 2014. All rights reserved.
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Economics 2420
Economics 2420
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What is Economics?. Defining Economics What fundamental qualities make up Economics? Wants Versus Needs.
What is Economics?. Defining Economics What fundamental qualities make up Economics? Wants Versus Needs.
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THE ECONOMY AND POLITICS CHAPTER 13. BUILD ON WHAT YOU KNOW Why might sociologists be interested in the economy? Consider: methods of gathering or producing.
THE ECONOMY AND POLITICS CHAPTER 13. BUILD ON WHAT YOU KNOW Why might sociologists be interested in the economy? Consider: methods of gathering or producing.
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