Jamie Perez Economics Coggle Branch

vocabulary!

Economics-the study of making buying selling of goods and services

services- any kind of work performed for others

goods- something that you can feel and buy

demand- a product wanted by the consumers

supply-what is available for sale

pysical,economic.culteral

scarcity-limited resources and there is not enough for every one to have at least one

producers-anyone who makes or grows a good or a service

consumer - anyone who buys a good or a service

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the three ecomomic questions are what to produce,how to produce, for whom to produce.

they all are command but they work differently and they let they people be in charge of bissnesses

senerios

the total number of products that a coutry has made over the year

human capital,capital resourse ,natural resoures

estela dose what her mother used to do as a little girl and now her mom is a designer like her mom what type of economy dose she live in

where Pablo lives the government makes all the disecions in the country he cant even shop no one owns a shop

chris mom owns a shop and she makes the disecions but the government checks to see how well everything is

sally lives is a country where the government has no say at all in her shop she dose what ever she want