Slide 1NEXT The Economic Way of Thinking Slide 2 NEXT Chapter 1: The Economic Way of Thinking Scarcity is the situation that exists because wants are unlimited and resources…
Slide 1CHAPTER 1 The Economic Way of Thinking Slide 2 KEY CONCEPTS Economics study of how people use resources to satisfy wants how individuals/societies choose to use resources…
Slide 1T HE E CONOMIC W AY OF T HINKING Chapter 1 Slide 2 KEY CONCEPTS Economics study of how people use resources to satisfy wants how individuals/societies choose to use…
Slide 1The Challenge of the Knowledge Economy for El Salvador: Preliminary Assessment Robert Whyte World Bank Institute San Salvador, El Salvador November 24, 2003 Slide…
1. Prof Amos MajuleModule ThreeSeptember 2011 2. Introduction to the moduleObjectivesDefinition of key concepts Climate change and agricultureWhy focus on agriculture?Global…
Study of Entrepreneurship and Ppi311 trade 3 STUDY OF ENTREPRENEURSHIP AND TRADE (PENGAJIAN KEUSAHAWANAN DAN PERDAGANGAN) COURSE CODE: PPI 3133 Individual Assignment (2)…
1. Free Trade 2. Free Trade: International trade left to its natural course without tariffs, quotas, or other restrictions. 3. Three Rules to Free Trade 1. Trade must be…
1. Free Trade 2. Three Rules to Free Trade 1. Trade must be voluntary. 2. All trading parties must benefit. 3. Trade move products from people who value them less, to people…
Slide 1 [k] Key Point Jonathan Trinidad, M.A., Ph.D. Candidate Department of Sociology New York State University at Buffalo Michael Farrell, Ph.D., Department Chair Department…
Slide 1 Chapters 1 - 3 Unit 1 Slide 2 Chapter 1 – What is Economics? Society is structured around the idea that everybody has needs and wants. Goods and services fulfill…