Communication
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Communication!. Communication Game Board. Basics. Factors of Production. Basic Concepts. Hodge Podge. Types of Economics & Goals. 100. 100. 100. 100. 100. 200. 200. 200. 200. 200. 300. 300. 300. 300. 300. 400. 400. 400. 400. 400. 500. 500. 500. 500. 500.

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Communication!

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Communication

Communication!


Communication game board

Communication Game Board

Basics

Factors of Production

Basic Concepts

Hodge Podge

Types of Economics & Goals

100

100

100

100

100

200

200

200

200

200

300

300

300

300

300

400

400

400

400

400

500

500

500

500

500

Final Challenge


Basics for 100

What is Scarcity.

What is the fundamental economic problem.

Basics for 100


Basics for 200

What is economics.

Study of how people try to satisfy unlimited an competing wants.

Basics for 200


Basics for 300

What is need.

Basic requirement for survival like food clothing & shelter.

Basics for 300


Basics for 400

What is want.

A way of expressing a need.

Basics for 400


Basics for 500

What is how, what an for whom.

What are the 3 basic economic questions.

Basics for 500


Factors of production for 100

What is land.

Gifts of nature or natural resources created by humans.

Factors of Production for 100


Factors of production for 200

What is Capital.

Tools, Equipment, Machinery used to produce goods.

Factors of Production for 200


Factors of production for 300

What is labor.

People with all their efforts, abilities an skills.

Factors of Production for 300


Factors of production for 400

A risk-taker in search of profits who does something new.

What is Entrepreneur.

Factors of Production for 400


Factors of production for 500

Process of creating goods an services.

What is Production.

Factors of Production for 500


Basic concepts for 100

Worth that can be expressed in Dollars an cents.

What is value.

Basic Concepts for 100


Basic concepts for 200

Where Necessities, like water, have little monetary value.

What is Paradox of value.

Basic Concepts for 200


Basic concepts for 300

Capacity to be useful.

What is utility.

Basic Concepts for 300


Basic concepts for 400

Accumulation of products that are tangible, scarce, useful an transferable.

What is wealth.

Basic Concepts for 400


Basic concepts for 500

He wrote The Wealth of Nations.

Who is Adam Smith

Basic Concepts for 500


Hodge podge for 100

The sum of skills, abilities, health an motivation of people

What is Human Capital..

Hodge Podgefor 100


Hodge podge for 200

The means that we rely on others and they rely on us to provide services and goods

is Economic Interdependence.

Hodge Podgefor 200


Hodge podge for 300

The cost of the next best alternative.

Opportunity cost

Hodge Podgefor 300


Hodge podge for 400

A type of thinking about a problem that compares cost of an action with benefits received

What is Cost benefit analysis?

Hodge Podgefor 400


Hodge podge for 500

Answer

Question?

Hodge Podgefor 500


Types of economics goals for 100

Allocation of resources stems from ritual, habit or

custom.

What is Traditional

Types of Economics & Goals for 100


Types of economics goals for 200

Central authority makes most of the what, how an for whom decision

Command Economy.

Types of Economics & Goals for 200


Types of economics goals for 300

People an firms act in their best interest as owners what, how an for whom.

What is market.

Types of Economics & Goals for 300


Types of economics goals for 400

What is inflation.

A rise in general level of prices.

Types of Economics & Goals for 400


Types of economics goals for 500

What is Equity, security, efficiency, full employment, freedom, stability an growth.

Name 4 of the 7 economic an social goals.

Types of Economics & Goals for 500


Final challenge

Who plays the roles of protector, consumer, regulator, and promoter of the economy?

Government

Final Challenge!

Write Your

Final Challenge

Wager


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