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Unit 1 is about understanding the role of business in the global economy. Businesses need to satisfy customer needs and wants if they want to be successful in terms of good business. If they don’t meet customer needs and wants, people aren’t going to buy their product or service. Businesses also take into account things called economic resources, which has 3 categories. These include natural, human, and capital. Businesses also need to use economic decision making. This is an effective way to choose the proper course of action.