1. Consumer Driven Economy
A closer look at what it takes to create a consumer driven economy.

2. Words You Need to Know Producer Consumer Productive Resources
Natural Resources
Human Resources (labor)
Capital Resources
Entrepreneur
Supply and Demand
3 Economic Questions
What to produce?
How to Produce?
For Whom to produce?

3. Producer
A person, company, or country that makes, grows, or supplies goods or commodities for sale.
What are some examples of producers?

4. Consumer A person who purchases goods and services for personal use.
You and me

5. Productive Resources Natural Resources Human Resources (labor)
Oil, water, trees, land
Human Resources (labor)
Work efforts (physical/mental)
Capital Resources
Man made physical resources
Money, buildings, tools, equipment

6. Entrepreneur
A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

7. Supply and Demand
The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.
Generally, if there is a low supply and a high demand, the price will be high. In contrast, the greater the supply and the lower the demand, the lower the price will be.

8. 3 Economic Questions What to produce? How to produce?
For whom to produce?

9. Production Model
Natural Resources + Human Resources + Capital Resources
= Goods and Services