Economics 1 1 Notes Lower Version 2

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Business Technologie

[object Object],[object Object],Microeconomics Macroeconomics Choices made by actors such as households, companies, and individuals. Choices made by much larger actors like governments.

Consumers & Producers To fulfill their need and wants Goods and Services Physical objects. Actions or activities

Tangible Objects- Things that you can touch and feel

Things you can enjoy but can’t physically touch Trans portation

[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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