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Essential Economics Questions: Understanding Basic Economic Concepts, Study notes of Information Technology

University of Georgia (UGA)Information Technology

Essential questions and lessons for understanding fundamental economic concepts, including the definition of economics, goods and services, producers and consumers, economic resources, supply and demand, scarcity, wants and needs, interdependence, and market economies.

Typology: Study notes

Pre 2010

Uploaded on 09/17/2009

koofers-user-9dm-1 🇺🇸

10 documents

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Download Essential Economics Questions: Understanding Basic Economic Concepts and more Study notes Information Technology in PDF only on Docsity! Essential Questions Lesson 1: What is Economics and why is it important to me? Lesson 2: What are goods and services? Lesson 3: What are producers and consumers? What is profit and loss? Lesson 4: What is an economic resource? What purpose do they serve in a market economy? Lesson 5: How does supply compare to demand? What if a good or resource is scarce? What does opportunity cost mean? What is the difference between a want and a need? Lesson 6: What is interdependence and how does it affect me? I know what a market is, but what is a market economy?

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