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Economics: Understanding the Making, Supplying, and Using of Goods and Services

Economics is the social science that focuses on the production, distribution, and consumption of goods and services. This field of study delves into how groups of people create, supply, and utilize products, as well as the actions performed for others. If you find the concept complex, try breaking it down into more manageable parts: Economics is the study of a group of people making, supplying, and using things that people create and do for others. For a clearer visualization, think of the study involving people making, supplying, and using various items.

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Economics: Understanding the Making, Supplying, and Using of Goods and Services

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Presentation Transcript

  1. What is economics?

  2. Economics • The social science that deals • with the production, distribution, • and consumption of goods and • services.

  3. Economics • The social science that deals • with the production, distribution, • and consumption of goods and • services.

  4. Economics study of a group of people • The social science that deals • with the production, distribution, • and consumption of goods and • services.

  5. Economics study of a group of people • The social science that deals • with the production, distribution, • and consumption of goods and • services.

  6. Economics Study of a group of people • The social science that deals • with the production, distribution, • and consumption of goods and • services. making

  7. Economics Study of a group of people • The social science that deals • with the production, distribution, • and consumption of goods and • services. making

  8. Economics study of a group of people • The social science that deals • with the production, distribution, • and consumption of goods and • services. making supplying

  9. Economics study of a group of people • The social science that deals • with the production, distribution, • and consumption of goods and • services. making supplying

  10. Economics study of a group of people • The social science that deals • with the production, distribution, • and consumption of goods and • services. making supplying using

  11. Economics study of a group of people • The social science that deals • with the production, distribution, • and consumption of goods and • services. making supplying using

  12. Economics study of a group of people • The social science that deals • with the production, distribution, • and consumption of goods and • services. making supplying using things people make

  13. Economics study of a group of people • The social science that deals • with the production, distribution, • and consumption of goods and • services. making supplying using things people make

  14. Economics study of a group of people • The social science that deals • with the production, distribution, • and consumption of goods and • services. making supplying using things people make things people do for others

  15. SO...

  16. Economics is the study of a group of people that deals with the making, supplying and using of things people make and things people do for others.

  17. Is it still too hard to understand?

  18. Chunk it!

  19. Economics isthe study of a group of peoplethat deals with the making,supplyingand usingof things people makeand things people do for others.

  20. Now picture it.

  21. study of a group of people making things supplying things using things

  22. study of a group of people making things supplying things using things

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