1. ESSENTIAL STANDARD 1.00Understand the role of business in the global economy.1 2. OBJECTIVE 1.01Understand economic systems. 2 3. EQ How do businesses satisfy needs…
Ch.2sec.1 Economic System & Economic Tools The three questions that all economic systems must answer. What should the economy produce? How should this output be produced?…
Business Essentials * Topics Satisfying needs and wants Basic economic problem Six steps of economic decision-making Main types for economic systems Market economy self-regulating…