Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
1. Price
a. Opposite of demand
b. as price increases, the quantity sellers are willing to supply also increases.
2. Natural Resources - everything that is useful in its natural state.
3. Human resources - includes physical labor and intellectual capacity 4. Capital - resources such as technology, tools, information, physical facilities and financial capacities
5. Entrepreneurship - willingness to take risks to create and operate new
businesses.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
Copyright © 2005 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
