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What Is Economics?What Is Economics?
SECTION 1:
An Economic Way of Thinking
SECTION 2:
Scarcity and Choice
SECTION 3:
Opportunity Costs
SECTION 4:
ExchangeCHAPTER 1
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Objectives:Objectives:
What is economics?
What are the factors of production?
What is the goal of entrepreneurship?An Economic Way of ThinkingAn Economic Way of ThinkingSECTION 1
3
EconomicsEconomics
Economics is the study of the choices that people make to satisfy their wants andneeds.An Economic Way of ThinkingAn Economic Way of ThinkingSECTION 1
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Scarcity, Choice, Opportunity Costs, Forms of Exchange
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