Obshchestvoznanie 8 Ekonomika I Ee Rol V Zhizni Obshchestva Konspekt Uroka -

The process of creating goods and services (e.g., manufacturing a car).

The means used to create goods (land, labor, capital). 2. The Dual Meaning of Economy

Конспект урока: Главные вопросы экономики The process of creating goods and services (e

Activities including production , distribution , exchange , and consumption of goods.

The term "economy" (from Greek oikonomia – "household management") is viewed in two ways: how to produce it

The study of how people use limited resources to satisfy unlimited needs.

A system of management that ensures the production of material and non-material goods to satisfy human needs. The process of creating goods and services (e

The central challenge is the and limited resources . This forces society to make an Economic Choice : deciding what to produce, how to produce it, and for whom. 4. Phases of Economic Activity