Economy & Finance Basic economic concepts (1)

Basic economic concepts Scarcity and Choice Opportunity cost Human wants Unlimited wants Resources used to produce goods / services to satisfy human wants limited in supply…

Documents Basic Economic Concepts

Basic economic concepts Scarcity and Choice Opportunity cost Human wants Unlimited wants Resources used to produce goods / services to satisfy human wants limited in supply…

Documents Unit 1 Scarcity & Choice How do people make choices?

Slide 1 Slide 2 Unit 1 Scarcity & Choice How do people make choices? Slide 3 EQ What is your economic literacy score? 20 questions pre-test on economic knowledge Slide…