1. Production & consumption of products in the marketplace Trade-offs and opportunity costs can be illustrated using a production possibilities curver. -shows all possible combo of two goods/serves within a stated period. There are 2 assumptions: Amount of Resources and technology will not change. -All resources are being in the most efficient manner. Demand: how much products people want.

2. Production Barter- You can trade any item for a different item Money-Everyone agrees on for getting value. -change prices a lot easier. Credit-You can buy something now, and pay it out at a later cost. Consumption of Products If there is a higher demand for products, then there should be an increase of supplies for that exact same product. However, there should be enough profits to cover those supplies and workers so they can be easily paid for. The Relationship Between the Two

3. Consumption of Products-Cont- If other consumerswho buy different shoe products see that there is a higher demand for those shoe products, then they will be overly impressed and would want to buy more and more from that exact company with higher demand.

4. Works Cited Mitchell Nail. "Factor Markets and Market Economies." Political Studies. New Technology High School, Napa. 13 Jan. 2011. Lecture.