- Attempt to describe the world as it is
- Collects & Presents facts
Normative Economics
- Attempts to describe how the world should be
- Opinion rather than facts
Needs
- Basic Requirement for Survival:
- Food
- H20
- Shelter
- Clothing
- Desire of Citizens:
- Power
- Romance
- Money
- New Car
It would be much more efficient if you put the relationships between the different terms provided. Otherwise it is a great piece of work and is very helpful.
ReplyDeleteIt would be much more efficient if you put the relationships between the different terms provided. Otherwise it is a great piece of work and is very helpful.
ReplyDelete