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GOOD CITIZENSHIP Leavy-Lee.

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Presentation on theme: "GOOD CITIZENSHIP Leavy-Lee."— Presentation transcript:

1 GOOD CITIZENSHIP Leavy-Lee

2 Ive learned  TO be a goodcitizen you should not push things off to the side. To be a good citizen you should give a helping hand when some one needs help.

3 congress The national legislative body of a country.

4 economics the study of how we make decisions in a world in which resources are limited

5 microeconomics the study of the behavior and decision making of small units such as individuals and businesses

6 macroeconomics deals with the economy as a whole and decision making by large units such as governments or whole industries or societies

7 resource the things used in making goods and providing services

8 productive resources natural labor capital entrepreneur

9 scarcity occurs whenever we do not have enough resources to produce all the things we would like to have

10 opportunity cost the cost of the next best use of your time or money when you choose to do one thing rather than another

11 trade-off the alternative you face if you decide to do one thing rather than another

12 goods books and automobiles

13 services work performed for someone else

14 capitalism an economic system in which private citizens own and use the factors of production in order to seek a profit


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