Personal Finance Basic Economic Principles

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Basic economic principles

Économie & finance Technologie

Personal Finance Basic Economic Principles

Needs – things that are necessary for survival FOOD CLOTHES HOUSING

Wants – things not necessary for survival but that add comfort and pleasure to our lives

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The basic economic problem is SCARCITY This means we have limited resources but unlimited wants.

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Personal Finance Basic Economic Principles

1. Personal Finance Basic Economic Principles

2. Needs – things that are necessary for survival FOOD CLOTHES HOUSING

3. Wants – things not necessary for survival but that add comfort and pleasure to our lives

4.

5.

6.

7. The basic economic problem is SCARCITY This means we have limited resources but unlimited wants.

8.

9.

10.