13-1+Notes

|| Definintion || Clue to Remember It || ||  ||  || ||  ||  || ||   ||  || ||   ||  || ||  ||  ||
 * Vocabulary

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 * 1. Which wants are influenced by friends and social status?
 * 2. What are the three factors of economic production?
 * 3. Identify the factors of production in a local bakery.
 * 4. Choose an object that you want, such as a CD. Describe the steps that are part of the want-satisfaction chain.
 * 5. How can Josh satisfy both of his wants?
 * 6. How does the concept of scarcity apply to Josh's situation? ||