Economics Assignment by https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr en-us 2024-03-20 12:52:20 UTC 2024-03-20 13:05:14 UTC hello@padlet.com Economics anirudhmirthi27 https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr/wish/2926810903 Economics is a study of how large organisations such as the government and businesses allocate limited resourses to grow thier efficiency.

]]> 2024-03-20 12:54:04 UTC https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr/wish/2926810903 Scarcity anirudhmirthi27 https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr/wish/2926813513 A condition where the resources are insufficient to fullfill the wants of the costomers. Like when there is a scaresity of CPU's from intel which has caused limited numbers of laptops from dell.

]]> 2024-03-20 12:55:53 UTC https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr/wish/2926813513 Economic Wants and Non- Economic Wants. anirudhmirthi27 https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr/wish/2926817019 Economic wants are a bussinesses wishes for goods and services which can be purchase, such as smart phones and cameras. Non economic wants can be satisfied without any type of money, like spending time with family.

]]> 2024-03-20 12:58:28 UTC https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr/wish/2926817019 Economic Goods anirudhmirthi27 https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr/wish/2926819133 Tangable items that satisfy economic wants. A Car is a economic good as it is physical, useful and transferable.


]]> 2024-03-20 13:00:02 UTC https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr/wish/2926819133 Examples of economic goods anirudhmirthi27 https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr/wish/2926821260 Physical: Smartphone

Useful: Medicine

Scarce: Diamonds

Transferable: Currency

]]> 2024-03-20 13:01:28 UTC https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr/wish/2926821260 Economic services. anirudhmirthi27 https://padlet.com/anirudhmirthi27/mv6bsmi9s0e7x6mr/wish/2926823008 Intangable services that satisfy economic wants. Provided in return of payment. An example for this can be docters.

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