Documents © Goodheart-Willcox Co., Inc.. 1 What Is Economics?

Slide 1 © Goodheart-Willcox Co., Inc. Slide 2 1 What Is Economics? Slide 3 © Goodheart-Willcox Co., Inc. Chapter Objectives Distinguish between needs and wants. Compare…

Documents Economic Systems

MEETING OUR WANTS AND NEEDS NEEDS Things people MUST have to live Economic Systems Working Definition: A system that allows people to use resources to fill their wants and…