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Unformatted text preview: (Below are the recall Janets Classroom Notes words Janet placed in the margins) __________________ Business 101 2/7/07 ec=economics ______________ res=resources __________________ ____________________________________________________ _ ORIGIN_________ Economics- fr Greek =HOUSE_& TO MANAGE _____ __________________ Meaning grad changed to cover not only management __ __________________ of household but also business and gov _____________ __________________ ____________________________________________________ __ DEF ___________ Ec (def) = STUDY OF HOW SCARCE RESOURCES ________ __________________ _ ARE ALLOCATED IN SOCIETY OF UNLIMITED WANTS__ _ ASSUM __________ Imp assumption: Res of world limited, but wants of __________________ people are not. So ec system never produce enuf ___ __________________ satisfy all ._____________________________________ __________________ ____________________________________________________...
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This note was uploaded on 09/13/2011 for the course LEARNING L 110 taught by Professor Afrancis during the Spring '11 term at Community College of Philadelphia.
- Spring '11