Description

Overview:
Economics is the study of how humans make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions. Scarcity means that human wants for goods, services and resources exceed what is available. Resources, such as labor, tools, land, and raw materials are necessary to produce the goods and services we want but they exist in limited supply. This opening chapter begins our journey of discovery of how economics can help us to understand and explain these matters.
Subject:
Economics
Material Type:
Module
Provider:
Ohio Open Ed Collaborative
Date Added:
05/03/2019
License:
Creative Commons Attribution-NonCommercial 4.0 Creative Commons Attribution-NonCommercial 4.0
Language:
English
Media Format:
eBook, Text/HTML

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