This week we will begin our investigation of the role that economics plays in our lives. We will also discuss how economics & government are connected, & how they affect eachother. We will discuss how different economic systems work , along with how we make economic decisions. We will investigate basic economic concepts such as scarcity, wants vs. needs, supply & demand, the factors of production & opportunity costs. We will discuss the issue of renewable & non-renewable resources, & what we can do to conserve & help OUR environment.
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