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Economics and Business business - Coggle Diagram
Economics and Business 
6 Key Concepts
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Making Choices
In psychology, decision-making is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options
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4 Ps of Marketing
Place
particular position, point, or area in space; a location
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Price
the amount of money expected, required, or given in payment for something
Promotion
the publicizing of a product, organization, or venture so as to increase sales or public awareness
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Factors of Production
Capital
wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing
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Needs and Wants
The difference in needs and wants is. A need is something that is needed to survive. A want is something that an individual desires, but would be able to live without. A primary distinguishing feature of a need is that it is necessary to sustain life
Land example
Example of Labour
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