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Socio Economic Form

Socio Economic Form

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Instructions and help about socio economic form universal academy

hmm this is going to be a hard decision i want all three but i can only afford one hmm well that's economics for you [Music] in a basic sense economics involves the study of the choices people make to satisfy their wants and needs with a limited supply of resources people's needs and wants are unlimited in this case i want to buy all three products but i only have enough money to buy one i have unlimited ones but a limited quantity of money the concept of economics also involves the study of the production distribution and consumption of goods and services that means how many goods and services need to be produced how will they produce them and who will use them let's back up for a minute a want is something people desire or need to have they fulfill that one by buying goods or services for example if i want something fun to do i may buy a book game or ticket to a theme park to be clear a want can be a good or a service a good is a physical product we can hold a

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