THE NATURE OF ECONOMICS

DVD

$69.95

   Order Code: EAV131DV   
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What are the fundamental principles of economics, and how do societies apply the fundamentals of economics to help people get what they want?

This narrated explanation with illustrations and stopping points address these questions and defines the economic problem(limited resources can’t satisfy unlimited wants), identifies the different types of wants, introduces the four factors of production (land, labor, capital, and enterprise), explains opportunity costs, and demonstrates the production possibility curve. Online discussion guide available.

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Copyright

2001

Publisher

Clearvue/eav

Grade

8–12

Color

Color

Run Time

21 minutes