Deca pht exam study guide Study guides, Class notes & Summaries

DECA-PHT Exam Study Guide Distinguish between economic goods and services (EC:002) (CS) - Economic goods are tangible items that a person wants or need therefore exchanges for money *Ex.* food, clothing, toys ~ Services are also exchanged for money, but an activity or service is provided or preformed. *Ex.* hairdresser, doctor checkup, teacher Explain the concept of economic resources (EC:003) (CS) - Economic resources are the factors behind producing goods or providing services. *land...

Distinguish between economic goods and services (EC:002) (CS) - Economic goods are tangible items that a person wants or need therefore exchanges for money *Ex.* food, clothing, toys ~ Services are also exchanged for money, but an activity or service is provided or preformed. *Ex.* hairdresser, doctor checkup, teacher Explain the concept of economic resources (EC:003) (CS) - Economic resources are the factors behind producing goods or providing services. *land*: the natural resources from t...