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What is economics?
activities that people do for other people
the study of how people choose to use thier limited resources to produce goods and services
things found in nature
When people want more than they can have
Things that people have to have to survive
A resource that can be replaced
Things that people desire, but do not need
Labor
What is human resource?
activities that people do for other people
the study of how people choose to use thier limited resources to produce goods and services
things found in nature
When people want more than they can have
Things that people have to have to survive
A resource that can be replaced
Things that people desire, but do not need
Labor
What is scarcity?
activities that people do for other people
the study of how people choose to use thier limited resources to produce goods and services
things found in nature
When people want more than they can have
Things that people have to have to survive
A resource that can be replaced
Things that people desire, but do not need
Labor
What are renewable resources?
activities that people do for other people
the study of how people choose to use thier limited resources to produce goods and services
things found in nature
When people want more than they can have
Things that people have to have to survive
A resource that can be replaced
Things that people desire, but do not need
Labor
What are wants?
activities that people do for other people
the study of how people choose to use thier limited resources to produce goods and services
things found in nature
When people want more than they can have
Things that people have to have to survive
A resource that can be replaced
Things that people desire, but do not need
Labor
What are services?
activities that people do for other people
the study of how people choose to use thier limited resources to produce goods and services
things found in nature
When people want more than they can have
Things that people have to have to survive
A resource that can be replaced
Things that people desire, but do not need
Labor
What are natural resources?
activities that people do for other people
the study of how people choose to use thier limited resources to produce goods and services
things found in nature
When people want more than they can have
Things that people have to have to survive
A resource that can be replaced
Things that people desire, but do not need
Labor
What are needs?
activities that people do for other people
the study of how people choose to use thier limited resources to produce goods and services
things found in nature
When people want more than they can have
Things that people have to have to survive
A resource that can be replaced
Things that people desire, but do not need
Labor
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