Economics 1 1 Notes Lower Version 2
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![[object Object],[object Object],Microeconomics Macroeconomics Choices made by actors such as households, companies, and individuals. Choices made by much larger actors like governments.](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Economics 1 1 Notes Lower Version 2
- 3. Consumers & Producers To fulfill their need and wants Goods and Services Physical objects. Actions or activities
- 4. Tangible Objects- Things that you can touch and feel
- 5. Things you can enjoy but can’t physically touch Trans portation