Task 1: Economic Concepts
Perform online or offline research to learn more about basic economic concepts and write short reports on each of the following topics:
• three basic questions answered by the economy
• key differences between needs and wants
• importance of the factors of production
Task 2: State of the World Economy
Perform online research and write a short essay on the state of the world’s economy. Be sure to include the following points in your essay:
• comparison of the US economic system with other economic systems
• the ways in which Asian economies have changed the global trade scenario in the last ten years
Wants are a means of expressing a perceived need. ... Three Basic Economic Questions" - these are the questions all nations must ... Economics - Economics is the study the production and distribution of goods ...
