Chapter 1: The purpose of business activity The economic problem: needs and wants All humans have needs and wants. Needs are the things that we can't live without and…
Slide 1 What is Economics? Slide 2 The study of choice under the conditions of scarcity. Microeconomics-study of the behavior and decision making by small units such as individuals…
Chapter 1: The purpose of business activity Chapter 1: The purpose of business activity The economic problem: needs and wants All humans have needs and wants. Needs…