Goods and services, and factors of production
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- Goods and Services, and Factors of Production Overview:
- Definition of Goods and Services
- Factors of Production
- Self-Interest vs Social interest
- Self-interest: the best choice for you
- Social interest: the best choice for society
- Can self-interest promote social interest?
- Understanding Goods and Services
Which of the following is not a good?
- Computer parts
- A luxury car
- A watch
- Eye examination
- Which of the following is not a good?
- A business consultant
- Computer repairs
- Understanding Factors of Production
Which of the following is not one of the categories for factors of production?
- Understanding Self-Interest and Social Interest
List a self-interest in climate change that does not promote social interest.
- The technological change during the past 40 years is known as the Information Revolution. List a self-interest in Information Revolution and decide whether the Information Revolution best serves the social interest.