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Economics Introduction CHC3P

Nessim Nahle

  2 3

5.the tradition of the society provides the answer to the 3 main questions
6.The study of the decisions a society makes concerning the production of goods and services and how a society distributes these goods and services among its members.
7.government or other central controlling body answers the 3 main questions
1.right of individuals and corporations to own not only consumer goods, but also goods used in production
2.the excess of revenue after expense
3.it is actions of the buyers and sellers of goods, services, and resources that direct the economic system
4.influences our economic activity

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