Intro to Economic Study

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3 Questions

Quelle est la principale fonction des agents économiques?

Produire des biens

Quel est le principal sujet d'étude de l'économie?

Les choix des individus pour satisfaire leurs besoins

Quel est le principal problème que doivent affronter les individus et les entreprises?

La satisfaction des besoins

Study Notes

  • The economy is the study of choices people make to meet needs.
  • Individuals and businesses face needs that are difficult to satisfy or prevent unpleasant sensations, or produce desirable sensations.
  • Economic needs are met by using resources that are rare or limited in quantity, and people live in a society of scarcity.
  • To meet these needs, people must make choices, and economic activity is carried out by a variety of agents, most of whom are autonomous.
  • The main functions of economic agents are production, consumption, and trade.
  • Each agent must make choices in relation to their three main functions- for example, a household earns a salary to consume, an enterprise borrows money from a bank to invest in new production, and this will create jobs for the households involved.

Explore the fundamental concepts of economics, including the study of choices, scarcity, economic agents, and their main functions like production, consumption, and trade. Gain insight into how individuals and businesses meet their needs through economic activities.

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