Thursday, 28 January 2016

WHAT IS ECONOMICS?

- Economics is a social science which studies how people create wealth from the allocation of scarce resources.



Here are some key terms you will meet while we begin this study of economics:
  1. good
  2. service                                            
  3. opportunity cost
  4. wants
  5. needs
  6. scarcity
  7. choice



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5 comments:

  1. trinidess3 February 2016 at 10:12

    Good work. However, try to stick to one font. And keep posting:)

    ReplyDelete
  2. Unknown22 February 2016 at 17:18

    Coming together nicely, keep the good work up!

    ReplyDelete
  3. Ria22 February 2016 at 17:41

    Well done. Nicely explained

    ReplyDelete
  4. Ria22 February 2016 at 17:43

    Well done. Nicely explained

    ReplyDelete
  5. Unknown27 February 2016 at 06:04

    Love the images. This explanation is concise and easy to follow, good job

    ReplyDelete

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