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9 Key Concepts - Coggle Diagram
9 Key Concepts
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Choice
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The ability of a consumer or producer to decide which good, service or resource to purchase or provide from a range of possible options.
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Economic well being
Present and future financial security., It also includes the ability to make economic choices and feel a sense of security, satisfaction, and personal fulfillment with one's personal finances and employment pursuits.
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Sustainability
practices that support long-term economic growth without negatively impacting social, environmental, and cultural aspects of the community.
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Change
Everything in the economy changes everyday, we have learn to adapt to the change everyday
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Consumers, firms and households all interact to each other to achieve economic goals
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