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Make uncertainty explicit - PowerPoint PPT Presentation

CHAPTER 1

$$. $$. CHAPTER 1. INTRODUCTION TO ENGINEERING ECONOMY. $$. $$. WHAT IS ECONOMICS ?. The study of how limited resources is used to satisfy unlimited human wants. WHAT IS ECONOMICS ?.

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429 views • 34 slides

CHAPTER 1

$$. CHAPTER 1. $$. INTRODUCTION TO ENGINEERING ECONOMY. $$. $$. WHAT IS ECONOMICS ?. The study of how limited resources is used to satisfy unlimited human wants. WHAT IS ECONOMICS ?.

★ ★ ★ ★ ★

354 views • 21 slides

Chapter 1

Chapter 1. Introduction to Engineering Economy. WHAT IS ECONOMICS ?. The study of: How limited resources are used to satisfy unlimited human wants How individuals and societies choose to use scarce resources. Resources. Land Labor capital. LAND. Water, air, minerals, sunshine

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Make uncertainty explicit - PowerPoint PPT Presentation

CHAPTER 1

CHAPTER 1

Chapter 1