Show:
Goods and Services
Specialization
Mass Production
Division of Labor
Free Enterprise
100
What is a Consumer?
It's a person who buys goods
100
What does specialization mean
A specific line of study or work
100
What is mass production?
Mass production is making allot at one time.
100
What is the division of labor in the technology industry?
It is dividing the parts of the technology industry.
100
What does free enterprise mean?
It is an economy or system at the same market economy.
200
Are we consumers?
Yes
200
What does specialization look like in the technology industry?
The people make alot of technology things but they focus on a specific part.
200
How can the mass production helps our community?
It is helping the community by getting needs Examples:Cars,Phones,Computers,and more.
200
How many times can the technology industry be divided in parts.
A bunch because the technology in industry makes alot of technology.
200
What is economics?
Economics is the study of how induviduals and societies make choices.
300
What does goods and services mean?
Goods are products people buy and sell such as food and clothing. A service is an activity that someone does for others to pay such as cutting hair or repairing shoes.
300
How can the specialization help the people?
The specialization can help the people by a specific line of study or work
300
Do you mass production everyday?
Yes because there are many services that make their products.
300
How does the division of labor help us?
It helps us by giving part of learning step by step
300
What is the basic problem in economics?
The basic problem of economics of scarcity.
400
Ham, Pizza, lottery Ticket, Vegetables, Gas, groceries, library, toys, shoes, movies, backpacks, and school supplies
Ham, Pizza, lottery Ticket, Vegetables, Gas, groceries, library, toys, shoes, movies, backpacks, and school supplies
400
Is specialization important
It is important because it helps people with a specific line of study or work
400
How can the mass production let us trans port and communicate?
It can let us communicate and transport by many types of things.
400
What does the division of labor mean?
It means dividing parts in the technology industry.
400
What are the five factors of production?
The five factors of producton are land, labor, capital, entrepunership, and technology.
500
What are some services?
Bank,Hair Salon, Volunteer,Hospital, Daycare, ASPCA, School, Security, Fire Fighter, Police Officer
500
Do you think Samsung uses specialization to make its devices?
Yes because they make different types of devices
500
How can the mass production help you learn?
It can help by giving you time for learning how people trans port and communicate.
500
True of False: Dividing the work is like synergizing in any industry.
True.
500
What is the diffrence between a need and a want?
Needs are what one has to have for survival. Wants are everything else.