The Three Basic Economic Questions

What Goods and Services are Produced?

  • Clothes
  • Shoes
  • Food
  • Haircuts
  • Car Service

How are the Goods and Services Produced?

Clothes and shoes are produced in a factory.
Food goes through an entire process. For instance, fruit and vegetables must be grown and then be picked.
Sciccors, Shampoo, Conditioner, and a Hair Dryer are all critical in order to have a haircut.
There are many tools that are needed to perform a car service, such as a wrench.

Who Consumes the Goods and Services?

People of all ages can use clothes, shoes, food, and haircuts. While those who have cars, can utilize car services.

Credits:

Created with images by InspiredImages - "money coins banking" • Labour Behind the Label - "Khorat Factory, Thailand (Nike supplier)" • dbreen - "carrot kale walnuts" • kaleido-dp - "haircut hair cut beauty salon" • avtoritetkhv - "girl car service photoshoot"

Made with Adobe Slate

Make your words and images move.

Get Slate

Report Abuse

If you feel that this video content violates the Adobe Terms of Use, you may report this content by filling out this quick form.

To report a Copyright Violation, please follow Section 17 in the Terms of Use.