PPT-Economic Goods and Services

What I WANT You to Know WANT Have a desire to possess or do something you wish ECONOMIC WANT Desires that can be satisfied by c onsuming a good service or leisure activity Economic v NonEconomic Wants. BHALLA & CO.. Chartered Accountants . 307 . LUSA TOWER, AZADPUR, DELHI 110033. Tel. : (O) . - . 27670448 . Fax : . - 47021342 {. R} . - . 23842238. {M} 9810067811 E-mail: kumarbhalla@hotmail.com. Pint Sized Econ Adapted. Economic Wants. Desires that can be satisfied by consuming a good or using a service/activity.. People have different economic wants. People purchase a variety of goods and services. What is Economics About?. Scarcity and Choice. Scarcity and choice are the two essential ingredients . of an economic topic.. Goods are scarce because desire for them far outstrips their availability from nature.. 1. 1. 1. 1. 1. 1. What is . Economics About?. Scarcity and Choice. Scarcity. and choice are the two essential ingredients of an economic topic.. Goods are . scarce. because desire for them far outstrips their availability from nature.. What should be produced?. How should it be produced?. Who should get it?. Well, the way a country answers those questions determines its economic system.. Your job is to . learn three . basic types of economic systems and to be able to compare them.. AS Economics. Aim. Understand economic objectives and economic systems.. Objectives. Define different agents’ objectives in an economy.. Describe how these objective are competing.. Analyse different types of economic systems.. Objective: SWBAT analyze the different economies of the world.. Do Now: Discuss the economic strategies of your household income based on monthly needs? . Economic Decision-Making. The six steps in the economic decision- making process are:. CHAPTER 1. DAVID A. COLLIER AND JAMES R. EVANS. 1-1. . . Explain the concept and importance of operations management.. 1-. 2. . Describe what operations managers do.. 1-3. . Explain the differences between goods and services.. Current Indirect Tax Regime. Central. Levy. State Levy. Service Tax. Sale Tax/VAT. Custom Duty-BCD CVD SAD. Entertainment. Tax\Luxury Tax. Excise Duty-BED Additional. excise duty. Entry Tax. Central Sale Tax. Principles of Business, Finance and Marketing. Satisfying Wants & Needs. Economic Choices. Economic Systems. Supply and Demand. Unit 1.01. Wants. Not necessary for survival, but add comfort and pleasure to our lives. A good is . excludable . if the supplier of that good can prevent people who do not pay from consuming it. . A good is . rival in consumption . if the same unit cannot be consumed by more than one person at one time. . . INTRODUCTION: BENEFITS OF GST. The benefits of this transformational tax reform are manifold. The benefits include: . A single tax would replace multiple taxes.. Set-off of prior-stage taxes would mitigate the ill effects of cascading.. “A detailed analysis under GST . regime”. CA Rubneet . Anand. B.Com. , . M.Com. (Finance& Taxation), MBA(Finance & International Business- IMT Ghaziabad) . carubneetanand@gmail.com. Assistant Manager (Internal Audit & Indirect... do economic systems answer the questions of what, how, and for whom to produce?. Standards:. SS7E1a, SS7E5a, SS7E8a. Compare how traditional, command, and market economies answer the economic questions of (1) what to produce, (2) how to produce,...