1. Economics Concept Chart

2. Scarcity Natural Human Capital Opportunity Costs Resource Allocation
Entrepreneurship
Scarcity
Opportunity Costs
Choices/
Decisions
Resource Allocation
Productive Resources
Wants
What
How
For Whom
Gross Domestic Product
Traditional Command Market
Specialization
Productivity
Producers and Consumers Agree
Habit and Custom
Government
-Share
-Lottery
-Contest
-Personal Characteristic
-Authority
-Force
-First-come, first-served
-Price
-Majority Rule
Human Capital
Capital Goods
Interdependence