Name: _________________________ Needs and Wants Needs are: ………………………………………………………… …………………………………… Examples: ………………………………………………………… …………………………………… Wants are: ………………………………………………………… …………………………………… Examples: ………………………………………………………… ………………………….............. My super-detailed HASS test study notes! The 4 Factors of Production are: Goods and Services Goods are: ………………………………………………………… ………………………………………………………… ………………………… Examples: ………………………………………………………… …………………………………… Services are: ………………………………………………………… ………………………………………………………… ………………………… Examples: ………………………………………………………… …………………………………… Circular Flow Definition: …………………………………………………………… …………………………………………………………… …………………………………………………………… ………. Label the diagram with the words below: Business Households Goods/Services Expenditure Resources Income Key Economic Definitions Scarcity Can I improve my SEER paragraph? I need 2 specific reasons. How has your business and how it has responded to consumer demands to become successful? S______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________ Consumer E______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________ Producer Supply and Demand E– ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________ R– ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________
