Содержание
- 2. Economy ↓ econ The study of the choices people make in an effort to satisfy their
- 3. BASICS OF ECONOMICS The people who wish to buy goods and services are called consumers and
- 4. The need for making choices arises from the problem of scarcity. Scarcity exists because people’s wants
- 5. Economists usually divide these factors of production into three categories→ Natural resources Human resources Capital resources.
- 6. NATURAL RESOURCES Items provided by nature that can be used to produce goods and to provide
- 7. HUMAN RESOURCES Anyone who works is considered a human resource. Any human effort that exerted in
- 8. CAPITAL RESOURCES The money and capital goods that are used to produce consumer products are called
- 9. TECHNOLOGY The use of science to create new products or more efficient ways to produce products
- 10. ENTREPRENEURSHIP The risk-taking and organizational abilities involved in starting a new business or introducing a new
- 11. WORDS AND EXPRESSIONS consumer – потребитель consumer goods – потребительские товары entrepreneur – предприниматель entrepreneurship –
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Economy ↓
econ
The study of the choices people make in an effort
Economy ↓
econ
The study of the choices people make in an effort
BASICS OF ECONOMICS
The people who wish to buy goods and services
BASICS OF ECONOMICS
The people who wish to buy goods and services
Economists generally classify as needs those goods and services that are necessary for survival. Food, clothing, and shelter are considered to be needs. Wants are those goods or services that people consume beyond what is needed for survival.
The need for making choices arises from the problem of scarcity.
The need for making choices arises from the problem of scarcity.
A resource is anything that people use to make or obtain what they want or need. Resources that can be used to produce goods and services are called factors of production.
Economists usually divide these factors of production into three categories→
Natural resources
Human
Economists usually divide these factors of production into three categories→
Natural resources
Human
Capital resources.
Today many economists have added technology and entrepreneurship to this list.
NATURAL RESOURCES
Items provided by nature that can be used to produce
NATURAL RESOURCES
Items provided by nature that can be used to produce
HUMAN RESOURCES
Anyone who works is considered a human resource. Any human
HUMAN RESOURCES
Anyone who works is considered a human resource. Any human
CAPITAL RESOURCES
The money and capital goods that are used to produce
CAPITAL RESOURCES
The money and capital goods that are used to produce
Some products can be either capital goods, depending on how they are used. A bicycle purchased for personal use is a consumer good. The same is not true when the bicycle is purchased by a New York messenger service. Because the messenger service will use the bicycle to make deliveries – to provide a service – the bicycle is considered a capital good.
TECHNOLOGY
The use of science to create new products or more efficient
TECHNOLOGY
The use of science to create new products or more efficient
ENTREPRENEURSHIP
The risk-taking and organizational abilities involved in starting a new business
ENTREPRENEURSHIP
The risk-taking and organizational abilities involved in starting a new business
WORDS AND EXPRESSIONS
consumer – потребитель
consumer goods – потребительские товары
entrepreneur – предприниматель
entrepreneurship
WORDS AND EXPRESSIONS
consumer – потребитель consumer goods – потребительские товары entrepreneur – предприниматель entrepreneurship