Wants versus Needs

Supply and demand affects the economic choices of individuals.

Economic development and growth in a community is influenced by natural resources.

Innovation, opportunity and the potential to increase their power and wealth are factors that encourage people to take risks as entrepreneurs.

Entrepreneurs make business decisions based on the needs and desires of consumers.

Responsible citizens can contribute to the well-being of their natural environment.

Supply/Demand

Natural Resource

Consumer

Producer

Economic Choice

Market Economy

Entrepreneur