Unit 2 Comic
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- it's no big deal Joan. We should start with the economic basics. Economic basics cover the root concepts and resources that make economics what it is.
- Thanks for agreeing to tutor me, Leyla. My economics class is pretty tricky.
- Let's start with the economic resources. Economic resources are the things and people that help make products and services available to consumers
- Natural resources are materials that come from the earth, water, and air. For example, trees. Capital resources are the man-made tools and buildings that help make goods and services. For example, factories.
- The main resources are natural, capital, human, and management
- Human resources are the people who create goods and services (labour). For example, nurses. Management resources are the managers that make decisions that control the other economic resources.
- This is so helpful thanks!
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- No problem! You should also take notes on interdependence. When something is interdependent it depends on goods and services from other businesses to satisfy consumer wants.
- That's an amazing example! Great job, Joan.
- Oh so a store like H&M would be interdependent right? To make a t-shirt they would need fabric, scissors, sewing machines, and threads from other businesses.
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