The next best option missed out on (when a choice is made)

A disagreement which occurs when individuals / groups have different value positions in relation to a decision being made

The situation which occurs because of limited means with which to satisfy unlimited wants and needs

An economic decision between two or more alternatives

A disagreement which occurs when individuals / groups have different value positions in relation to a decision being made

The next best option missed out on (when a choice is made)

A decision made which considers two or more value positions

Strongly held beliefs / ideas / opinions which people consider important in their lives and that influence their decisions

Any individual or group that uses resources to create goods and services

One or more people who live in the same dwelling (house / flat / apartment etc.)

Any individual or household who buys goods or services

Those things we desire, but are not needed for survival

Goods that are plentiful and therefore have no cost

Time, money, skills, family / whanau

Those things we desire, but are not needed for survival

Those things that are necessary / must have to stay alive (for survival)

An economic decision between two or more alternatives

A disagreement which occurs when individuals / groups have different value positions in relation to a decision being made

Strongly held beliefs / ideas / opinions which people consider important in their lives and that influence their decisions

A decision made which considers two or more value positions

Time, money, skills, family / whanau

An economic decision between two or more alternatives

Food, water, and shelter

The next best option missed out on (when a choice is made)

Are resources - include natural, human and capital goods

What someone does for you (are intangible)

Time, money, skills, family / whanau

Items / objects which have a physical presence (are tangible)

Those things we desire, but are not needed for survival

Those things that are necessary / must have to stay alive (for survival)

Time, money, skills, family / whanau

The quantity of a good or service that a consumer is willing and able to sell at various prices

An economic decision between two or more alternatives

A decision made which considers two or more value positions

An economic decision between two or more alternatives

A disagreement which occurs when individuals / groups have different value positions in relation to a decision being made

Items / objects which have a physical presence (are tangible)

Natural, human, and capital goods used by producers to create goods and services

Natural, human, and capital goods used by producers to create goods and services

What someone does for you (are intangible)

A decision made which considers two or more value positions

The situation which occurs because of limited means with which to satisfy unlimited wants and needs

The quantity of a good or service that a consumer is willing and able to sell at various prices

An economic decision between two or more alternatives

Goods that are plentiful and therefore have no cost

Goods that are scarce and therefore have a cost

Natural, human, and capital goods used by producers to create goods and services

Items / objects which have a physical presence (are tangible)

Any individual or group that uses resources to create goods and services

Any individual or group who buys goods or services

One or more people who live in the same dwelling (house / flat / apartment etc.)

Those things that are necessary / must have to stay alive (for survival) – include food, water, and shelter.

Any individual or group / organisation that uses resources to create goods and services

Natural, human, and capital goods used by producers to create goods and services

Time, money, skills, family / whanau

Items / objects which have a physical presence (are tangible)

One or more people who live in the same dwelling (house / flat / apartment etc.)

Items / objects which have a physical presence (are tangible)

Any individual or group / organisation that uses resources to create goods and services

Any individual or household who buys goods or services

Items / objects which have a physical presence (are tangible)

Goods that are scarce and therefore have a cost

Time, money, skills, family / whanau

Goods that are plentiful and therefore have no cost

An economic decision between two or more alternatives

Those things we desire, but are not needed for survival

Any individual or household who buys goods or services

The quantity of a good or service that a consumer is willing and able to sell at various prices

Fair Trading

Consideration of Others

Integrity & Honesty

All Three

Goods that are for the consumption by individual or households

Those things we desire, but are not needed for survival

Goods that are scarce and therefore have a cost

Items / objects which have a physical presence (are tangible)