Scarcity and the Factors of Production Da Vinci Schools稀缺性与生产要素达文西学派.pptVIP

Opening Activity #2 Describe what you see. Be as specific as possible. Identify the what message the cartoon is demonstrating. Predict what will happen if nobody gets what they want. Scarcity and the Factors of Production What is a need? a necessity, required for survival, or something you can’t go without Example: air, food and water, shelter, clothing What is a want? An item that we desire but that is not essential to survival, luxuries Example: VW Bus, season seats, iPhone 5 Needs vs. Wants Write-Pair-Share List the needs you have. List 5 specific wants you have. What is the difference betw