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ECONOMICS CONCEPTS (CLARIFYING CONCEPTS (Micromeconomics: Are the…
ECONOMICS CONCEPTS
CLARIFYING CONCEPTS
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Nature: The nature is the principal place where we can obtain the principal objects that we need.
We can obtain, food, clothes, materials like wood or inclusive we can say we are alive thanks to her.
Scarcity: Are the things most scarce around the world. Have a big demand but also is expensive, one clear example is gasoline. The basic economic problem are sacarcity and choices.
RESOURCES
Labour: This is the type of work, painter, singer, dancer, etc...(big majory finished in ''-er''.
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Land: Objects that we can find in the land, one clear example are stones.
Enterpreneur: Finally they are not objects, are the humans that starts herself enterprise.
TYPES OF GOODS
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Capital: There are the heavy equipment such as excavators for example. Are bought to be used over several and long time.
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WHAT IS?
Is the science that studies the maner to satisfy yourself economie through
Inside this there are two types of resources.
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OPPORTUNITY COST
Is the opportunity to do a trade-off where we can give something waiting to recive other must better thing. A sacrifice made in the next best alternative.
Pol Martínez Albendín, Economics, 1st of Baccalaureate