IGCSE经济学课件(英文版).pptVIP

IGCSE?/O Level Economics1.1 The basic economic problemS1 Factors of productionNatural resources = landMan-made resources = capitalHuman skills and effort = labourBusiness know-how = enterprise Production Using inputs (resources) to make outputs (goods and services) to satisfy the needs and wants of consumers Consumption Using up goods and services (products) to satisfy consumers’ needs and wants The basic economic problem Human wants are unlimited but resources are scarce So, we all have to make choices There is a limited amount of resources such as raw materials, mac