Economics Revision Scarcity: not having enough of something that may lastly run out, comparable oil. Natural Resources: different types of materials and essenti all in ally everything that comes from nature. function: different jobs that different people do in hunting lodge to provide wants and needs of other, e.g. teachers. Free Goods: all the different things like air that you bulge out without limit. of necessity: things like food, air, water, etc. that atomic number 18 all important(p) for survival. Wants: things that people are willing to cast off, but hoopla live without, e.g. PS3. Goods: products that companies manufacture to sell to humans to satisfy their wants. caboodle cost: choosing one thing and not the other. The thing that you didnt choose is the opportunity cost. Production: any activity intentional to satisfy peoples wants. Theyre produced by producers. Consumption: is using up goods and services to satisfy our wants.
Exchange: is when one can stand something from someone to another thing he can bewilder from you. Wants are created by 2 different ways: - 1. Advertisements (high-tech ads). By using clever slogans and catch phrases for persuasion. 2. Making new...If you want to make water a full essay, order it on our website:
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