economics in the u.s
TRANSCRIPT
![Page 1: Economics In The U.S](https://reader036.vdocuments.net/reader036/viewer/2022070511/58a366db1a28aba4138b568d/html5/thumbnails/1.jpg)
Economics in the U.S.
Producing, Consuming, Exchanging, investing,
Specializing
![Page 2: Economics In The U.S](https://reader036.vdocuments.net/reader036/viewer/2022070511/58a366db1a28aba4138b568d/html5/thumbnails/2.jpg)
Who are producers?
–People who make things.• Chefs• Carpenters• Farmers• Artists
![Page 3: Economics In The U.S](https://reader036.vdocuments.net/reader036/viewer/2022070511/58a366db1a28aba4138b568d/html5/thumbnails/3.jpg)
Who are consumers?
– Consumers use things.• Shoppers• Child in a candy store• People in a restaurant
![Page 4: Economics In The U.S](https://reader036.vdocuments.net/reader036/viewer/2022070511/58a366db1a28aba4138b568d/html5/thumbnails/4.jpg)
What is Exchanging?
• Trading, bartering
![Page 5: Economics In The U.S](https://reader036.vdocuments.net/reader036/viewer/2022070511/58a366db1a28aba4138b568d/html5/thumbnails/5.jpg)
What is Investing?
• Giving of time or money to get something as a future return.
– Depositing money in a savings account
![Page 6: Economics In The U.S](https://reader036.vdocuments.net/reader036/viewer/2022070511/58a366db1a28aba4138b568d/html5/thumbnails/6.jpg)
What is Specializing?
• Specializing is working on one topic.
Chefs specialize in food productionBakers specialize in pastries and cakesElectricians specialize in electrical workFarmers specialize in raising food
![Page 7: Economics In The U.S](https://reader036.vdocuments.net/reader036/viewer/2022070511/58a366db1a28aba4138b568d/html5/thumbnails/7.jpg)
What is a producer?
• A person eating • A chef cooking food
![Page 8: Economics In The U.S](https://reader036.vdocuments.net/reader036/viewer/2022070511/58a366db1a28aba4138b568d/html5/thumbnails/8.jpg)
Who is a consumer?
• People eating in a restaurant
• Farmer growing a crop of corn
![Page 9: Economics In The U.S](https://reader036.vdocuments.net/reader036/viewer/2022070511/58a366db1a28aba4138b568d/html5/thumbnails/9.jpg)
Who is an investors?
• A kid eating candy• A person putting
money in the bank