Global Econ
This describes how a community uses its resources?
Economy
Consumers could choose to stop buying the shoes>
If prices get too high
The thing that motivates people is...
is positive Incentives.
Every computer ,tablet,and smart phone requires a piece of technology called a.....
microchip
What does a producer make?
Makes a good or provides a service.
When a consumer doesn't buy enough of a good or service .......
Producers might lower the price.
Incentives can be _____ like a reward or ____
Consequence
Postive and negative
Supply is the amount of ......
Product that is available
What do people do when they buy goods and services?
People become consumers.
`Difference between the amount of money someone earns for doing something and the amount the spent to do it?
Profit
_____ is a fair exchange of money for a good or service
Value
What is the amount of product people want or need?
Demand
Many of the global goods are consumed by?
The USA,China,Mexico,and Canada.
What did Henry Ford do ?
He Manufactured cars in the early :3
________ can offer positive incentives to consumers
Producer
What occurs when supply doesnt need demand?
Scarcity
On a scale, entire_______ can be producers.
countries
Henry wanted his cars to be...............................?
Good enough for his employees to be able to buy
Producers can offer
1. Positive Incentives
2. Negative Incentives
3.Fair Incentives
Positive Incentives
What happens when a company runs out of supplies?
Someone might lose their job