15711592
Description
Mind Map by Roger Ramírez Ortiz, updated more than 1 year ago
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Created by Roger Ramírez Ortiz
almost 6 years ago
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Economics.
- Is the study of how a society uses its resources to satisfy its wants and needs.
- Needs are the basic things we must have to survive.
- Wants, is all the rest; all the things you do not need to survive.
- Land- refers to all natural resources usted to produce goods and services.
- labor- refers to the effort that people put into making a good or providing a service in exchange for wages.
- Capital- Is anything that Is used to produce other goods and services.
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