Documents What is Economics? Economics is the study of how people seek to satisfy their needs & wants by...

What is Economics? Economics is the study of how people seek to satisfy their needs & wants by making choices. Scarcity What is Scarcity? What is a need? What is a want?…

Documents Topic 2: Day 1

Topic 2: Day 1 Basic Economic Concepts Definition of Economics A social science (like history, geography, political science) Studies, analyzes, predicts and explains economic…