Presentation is loading. Please wait.

Presentation is loading. Please wait.

Satisfying Needs and Wants

Similar presentations


Presentation on theme: "Satisfying Needs and Wants"— Presentation transcript:

1 Satisfying Needs and Wants
Section 1-1

2 Needs and Wants Are essential Required to live Food Water Clean Air
Always Unlimited Needs and Wants Needs Wants Are essential Required to live Food Water Clean Air Clothing Shelter Add to quality of life Add comfort and pleasure CD Movie iPod

3 Needs and Wants Activity

4 Goods and Services See and touch
Activities that are consumed at the same time they are produced.

5 Goods and Services Activity

6 U.S. Economy Largest producer of goods and services
Americans consume more than any other country 2x more shopping malls than schools! Debt through loans and credit cards Make sure important needs and wants are satisfied

7 Economic Resources Raw materials supplied by nature Oil Minerals
Limited Economic Resources Natural Resources Human Resources Capital Resources Raw materials supplied by nature Oil Minerals Nutrients Bodies of water Food People producing goods and services Anyone involved in producing the product or making it available Products and money used in production of goods and services Money Buildings Supplies Equipment

8 Economic Resources Give 5 examples of type of resource
Natural Resources Human Resources Capital Resources


Download ppt "Satisfying Needs and Wants"

Similar presentations


Ads by Google