Values Ed. Lesson 1-3

A mechanism used t measure the VALUE of a product or service.

What are the 2 forces that determine Price of goods and services?

The amount of goods and services that consumes (people) are willing to buy.

The amount of goods/services that is offered in the market place, or that is available to be bought.

When supply is greater than demand, price will ____________

When Demand is greater than supply, price will ____________

When buying anything, ALWAYS BUY ON ____________, not on price.

What is the Wealth Formula?

The more _______ you save, the greater your wealth will be.

The ______ you start, the greater your wealth will be.