prep ard by Alric Chong! 1 Part (a) gauge you are provoke S$10. nominate what you would ilk to buy. Part (b) Suppose you are have S$1,000. List what you would like to buy. Part (c) Suppose you are have S$10 million dollars. List what you would like to buy. 2 Business studies teaches you an important life-skill Decision-Making. ?? As we get richer, we visualize of new luxuries to provide us with satisfaction. We want clean environment, dour healthy lives, good universities, spacious homes and etc⦠Want more and more, wear out and better things and services.  ??                                                                               ?? 4 5 Even Bill Gates faces scarcity!!! ?? Should he pick up a $100 bill on the ground? Someone once estimated that his meter was so precious picking up a $100 bill wouldnt be worth his while ?? But, he only has 24 hours a day and a limited amount of energy If he spends his clock m building his business empire, then he cannot use that time doing other things 6 Households / Individuals Businesses / Firms Government Households / Individuals ?? ?? ?? New Nokia N90 or iPod nano? Which subjects combi to take for Grade 11? Revise for exams or watch TV?
Businesses / Firms ?? ?? ?? How many back breaker micro MP3 to produce each month? How much to herald? How many workers should be hired? Government ?? ?? ?? Should more funds be set aside in Spore for judicious water technologies? Increase budget for medical benefits or grooming? Outsourcing or high-employment? Give an example of how scarcity has abnormal your life. ?? How it has labored you to make choices ? [click here of answer] [next quiz] Give an example of how scarcity has affected your life. Time is scarce. If I use the time to play games like Half Life, Ill have to give up time for homework and be reprimanded by my teacher. Central Economic worry is Scarcity of Resources ?? These are the... If you want to get a liberal essay, order it on our website: Ordercustompaper.com
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