sample_notes - (Below are the recall Janet’s Classroom...

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Unformatted text preview: (Below are the recall Janet’s 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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sample_notes - (Below are the recall Janet’s Classroom...

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