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. What key economic questions must every society answer?. What basic economic goals do societies have?. What types of economic systems exist today?. The Three Economic Questions. Every society must answer three questions:. Buyung. . Airlangga. Transaction with Abroad. Goods and Services . (included in the estimation of GDP expenditure). Income . (Flow of factor services; Payment of production factors ownership which is used by foreign parties among others, as labor income, investment income and the rent of natural resources. 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. World Population. Add . BOLD . words to your vocabulary notes.. Measuring Population. Population distribution. Population density. Population Movement. Immigration. Push factors-. Pull factors-. Emigrant. What is economic thinking about . Petr. Wawrosz. The term „economy“ or „economics“. Term „economy“ or „economics“. Word „economy“ comes from Greek word „. oikonomos. “. Oikonomos. Intro To Business. Goals. Define gross domestic product.. Describe economic measures of labor. Identify economic indicators for consumer spending.. Economic Measurements. Productivity. . is output per worker hour. In the workplace it can be difficult to measure productivity. In sports, there are clear-cut measures. . 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.. How . do economic systems answer the questions of what, how, and for whom to produce?. Standards:. SS6E1a. , SS6E5a, SS6E8a. . Compare how traditional, command, and market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce. & Saudi Arabia. Standards. SS7E5 The student will analyze different economic systems. . a. Compare how traditional, command, and market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce. . 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. Factors of Economic Growth. Standards. SS6E1 The student will analyze different economic systems. . a. Compare how traditional, command, and market, economies answer the economic questions of 1-what to produce, 2-how to produce, and 3-for whom to produce. . macroeconomics. The study of economic behavior and decision-making in a nation’s whole economy. Objectives. Explain how gross domestic product (GDP) is calculated. Interpret GDP Data. Identify factors that influence GDP. 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.. Scarcity forces us to choose among available alternatives. . “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...