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Econ Ch 3

Prezi for Ch 3 of American Economics
by

Iain Loch

on 8 August 2014

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Transcript of Econ Ch 3

Decisions as
a Consumer

Section 2 - Buying Principles
This lesson is all about you!
1st
2nd
3rd
Shopping!
Consumer
any person or group thats uses goods and services for personal needs and wants
What kind of things affect the amount of money you can make?
How can you, as a consumer, buy more?

What do you need?
Occupation
The income you make can be split into 2 types
Disposable
Income remaining after tax. Used to buy necessities
Do you think this is want or need?
Discretionary
Money left to spend on extras.
ipods, laptops, cars, etc
Is this want or need?
Rational Choice
Choosing the best quality for the lowest price
R$ 4000
R$ 2000
Full transcript