Scarcity and the Science of Economics

This PowerPoint presentation provides a comprehensive introduction to Chapter 1: What Is Economics? from Glencoe Economics: Principles & Practices, focusing on scarcity and the science of economics. It covers key concepts such as the fundamental economic problem, needs vs. wants, the three basic economic questions, and factors of production, helping students understand resource allocation and decision-making. The presentation includes clear explanations, real-world examples, discussion questions, and engaging visuals, making it an ideal resource for teachers, students, and self-learners studying IGCSE, AS/A-Level, AP Economics, or high school economics courses. Fully editable, it allows customization to fit different learning needs, making it perfect for structured lessons or independent study.