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economics vocab project
Updated: 10/28/2019
economics vocab project
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Storyboard Text

  • wants: the bathroom is a service that people want.
  • individual: the individual bathrooms are for men and women.
  • scarcity: on a farm there is a sacre amount of food.
  • land, labor, capital: the farm is like the FOP, because the dirt is land, taking care of the props is labor, and the crops are made by man.
  • entrepreneur: a entrepreneur own these business
  • needs: people make stores to take care of there wants, and needs
  • marginal cost: the room can add more money than what it is worth.
  • goods: a bed is a good that people can buy.
  • government: a group of people governs the community in the building.
  • business: entrepreneurs create these business to make more money
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