Business 10

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Todays learning of economics and candies
lizfarlinger
Flashcards by lizfarlinger, updated more than 1 year ago
lizfarlinger
Created by lizfarlinger about 9 years ago
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Question Answer
What is economics? The study of how people use resources to survive and to satisfy their needs and wants.
What are human resources? people who use their skills to produce a good or service
Natural resources resources from nature and are used in their natural form
Capital resources goods produced and used to make other goods or services
What is a cash economy? In a cash economy, income determines the goods and services a consumer can buy
What are values? Values are what influence our spending habits. We usually will spend more on what is important to us.
What influences your values? Family, friends, work, honesty, self reliance and religion
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