i want to talk to you about a four-letter word:. intro to economics needs: in economics: need =...
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Intro To Economics
Needs:
In Economics:Need = there are no other substitutes.
Your list of Needs
Want = everything else that you desire. a way of communicating a “need”
basics for survival
Writ
e Thi
s Dow
n
Intro To Economics
Needs:
In Economics:Need = there are no other substitutes.
Your list of Needs
Want = everything else that you desire. a way of communicating a “need”
basics for survival
Writ
e Thi
s Dow
n
Intro To Economics
In Economics:Need = there are no other substitutes.
Want = everything else that you desire. a way of communicating a “need”
basics for survival
Writ
e Thi
s Dow
n
Free = it doesn’t cost anything to anyone i.e. sunshine
Intro To Economics
In Economics:Need = there are no other substitutes.
Want = everything else that you desire. a way of communicating a “need”
basics for survival
Writ
e Thi
s Dow
n
Free = it doesn’t cost anything to anyone i.e. sunshine
Gratuitous = when someone decides to givean item without charging you
Economics is the study of how individualsand societies, experiencing virtually limitlesswants, choose to allocate their scarce resources to satisfy their wants.
What is ECONOMICS?
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Janet L. YellenPresidentFederal Reserve Bank of San Francisco
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Carlos Salinas de Gortari 1988 -1994
Former Presidents of Mexico
Ernesto Zedillo 1994 - 2000
From: Wall Street Journal, January 4, 2005
Top Degrees in DemandThe list of employers'10 most sought-after majors has changed little from past surveys, continuing to favor students with specific business skills, rather than a liberal-arts background. The top degrees in demand at the bachelor's level are:
1. Accounting2. Electrical engineering3. Mechanical engineering4. Business administration/management5. Economics/finance6. Computer science7. Computer engineering8. Marketing/marketing management9. Chemical engineering10. Information sciences and systems