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What is a market
Plan wisely and make good decision makers
wage
Buyers want to buy less
Money earned
Any location where buyers and sellers exchange money and goods and services
The amount buyers are willing and able to buy at a price
What suppliers are willing and able to offer for sale at the price
Scarcity and Choice
Successful businesses
Plan wisely and make good decision makers
wage
Buyers want to buy less
Money earned
Any location where buyers and sellers exchange money and goods and services
The amount buyers are willing and able to buy at a price
What suppliers are willing and able to offer for sale at the price
Scarcity and Choice
What is income?
Plan wisely and make good decision makers
wage
Buyers want to buy less
Money earned
Any location where buyers and sellers exchange money and goods and services
The amount buyers are willing and able to buy at a price
What suppliers are willing and able to offer for sale at the price
Scarcity and Choice
Supply
Plan wisely and make good decision makers
wage
Buyers want to buy less
Money earned
Any location where buyers and sellers exchange money and goods and services
The amount buyers are willing and able to buy at a price
What suppliers are willing and able to offer for sale at the price
Scarcity and Choice
Type of Income for a casual worker
Plan wisely and make good decision makers
wage
Buyers want to buy less
Money earned
Any location where buyers and sellers exchange money and goods and services
The amount buyers are willing and able to buy at a price
What suppliers are willing and able to offer for sale at the price
Scarcity and Choice
Economics is the study of
Plan wisely and make good decision makers
wage
Buyers want to buy less
Money earned
Any location where buyers and sellers exchange money and goods and services
The amount buyers are willing and able to buy at a price
What suppliers are willing and able to offer for sale at the price
Scarcity and Choice
When the price is high
Plan wisely and make good decision makers
wage
Buyers want to buy less
Money earned
Any location where buyers and sellers exchange money and goods and services
The amount buyers are willing and able to buy at a price
What suppliers are willing and able to offer for sale at the price
Scarcity and Choice
Demand is
Plan wisely and make good decision makers
wage
Buyers want to buy less
Money earned
Any location where buyers and sellers exchange money and goods and services
The amount buyers are willing and able to buy at a price
What suppliers are willing and able to offer for sale at the price
Scarcity and Choice
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