Individuals in the Economy

Planning a career To plan your career: 1.Self-Assessment 2.Research opportunities 3.Get the education and needed to earn higher incomes 4.Income influenced by supply and demand

What it takes When hiring, employers seek: 1.Good attitude and strong work ethic 2.Latest technology skills

Workers Once you choose a career, you may have to choose to work independently or as part of a union Labor unions: organizations of workers that seek to gain higher pay and better working conditions

Fiscal Responsibility Being “fiscally responsible” means using money in a responsible manner Some ways to be fiscally responsible include… 1.Spending wisely 2.Saving/investing for the future 3.Having insurance 4.Keeping a budget 5.Using credit wisely 6.Understanding the protection of contracts, warranties, and guarantees

Technology New Technology: 1.Innovations contribute to the global flow of information, capital, and goods 2.Lowers the cost of production by increasing efficiency 3.Creates and eliminates jobs 4.Allows people to work across borders, creating foreign competition for U.S. workers