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Economics is the study of how we use our scarce resources to satisfy our unlimited wants.

Why are there different currencies and not just one, global currency?

Ethan

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Economics has 4 categories, these categories are Land, Labour, Capital and Enterprise. Economics is the study of how the world uses limited resources to satisfy their wants.

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1. It involves the following categories of Land, Labour, Capital and Enterprise. It also includes limited resources, needs and wants and demand and supply

2. I would like to know why economics is so important to be taught in school.

Krystal

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1. What do you know about Economics?
Economics is the study of how the world uses its limited resources to satisfy their unlimited wants.

2. What would you like to know about economics?
What factors contribute to the fluctuation of the price of goods?

Josh W

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Economics is all about the consumption of goods and services, needs and wants of an everyday person. It's also about our resources and our consumption of them.
Daniel

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Land, labour, capital and enterprise
Land: mining, fishing, farming
Labour: work (teachers, doctors)
Capital: finance and accounting
Enterprise: bill gates, mark Zuckerberg
Supply and demand

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I know that economics has to do with the economy and how the government can use our taxes. Economics also has to do with needs and wants and demand and supply

I would like to know if the Australian government is taking the economy seriously as Australia is close to a recession.

By Jess

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1. Economics is the study of how different things affect eachother for example supple and demand. It is also about land, labour, capital and enterprise and how they all affect eachother and are connected.

2. Why is it so important to learn about economics.

Nadya

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What do you know about economics: I know that it has to do with needs and wants and satisfying them, limited resources and unlimited wants.

What I want to know about economics:
How we can have less wants as there are only limited resources which will eventually run out or take an extremely long time to renew.

Kriya Velayutham

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1) Land: mining, fishing, farming;
Labour: anyone that works, teacher, coach, doctor
Capital: finance and accounting
Enterprise: Bill Gates, Mark Zuckerberg
Trade: importing and exporting
Supply and demand

2) I would like to know about the factors that contribute to currant social trends and fashion trends and how they are marketed and become more popular to certain groups of people.

Tamika

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1) Economics is the study of relationship between the supply and demand for a resource, it also includes the stages from extracting resources to the progress of it being used for a good or service (Land, Labour, Capital, Enterprise).

2) I would like to know more about the current markets and trends, opportunity costs and solutions to an overpowerment of supplies or demand (how equilibrium works)

3) How is cost of a good of service determined? (Production Cost vs Selling Cost)

Mia

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1.                                                                What I know is that Economics is about what our needs and wants are and the consumption and productions of products. 

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1.                                                                What I know is that Economics is about what our needs and wants are and the consumption and productions of products. 

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2. What would happen if we stopped trading and providing services to other countries

Rearne Hughes

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1. the study of trends, resources, scarcity, wants and needs, demand and supply, producers and consumers, opportunity cost, markets, economic problem
2. what is marco and microeconomics?

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Economics, as about how we mange our reacsorces to fit our needs. It is the study that our wants outway our reasorces. I would like to learn our our wants can effect the amount of people receiving there needs. Ben

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Economics is the study of the world and how people manage the world in ways such as our resources, wants, needs and financial status.

What is the reason for prices of everything going up.

Ante

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The analysis of the production and consumption of goods and services.

Are there any benefits coming out of the economic structure
Ayeni

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1) Economic is the study of how we manage our resources with the influence of our needs and wants, it also includes to process of goods and service through Land, Labour, Capital and enterprise. Finally Economics also involves the process of the Supply and Demand of the public.

2) How do our wants effect the needs of others

Christopher

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1) economics is the study of of how people use their limited recourses to satisfy there needs. Unlimited wants-limited needs
2) what causes the stock market to raise and lower prices?

Sam

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1...
Economics is global
2...
Everything because no one taught me about it before.

Talulah

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1. Economics is about having unlimited wants (demand) but limited resources (supply).

2. How long will it take until we run out of resources?

Justin

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1) Economics is the study of how people use their limited resources to satisfy their unlimited wants. It is about needs, wants, goods and services.

2) What causes fluctuations in prices of goods such as houses.

Oscar

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1. I know economics is about trade, the ability to satisfy people's needs and wants, resources and lack there of, demand and supply, the consumption of goods and services and imports and exports.

2. I want to know why people and governments can become so far in debt.

Abbey