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Abraham Maslow suggested that "a person who is lacking food,love,and self-esteem would most likely hunger for food more strongly than anything else." Conversely,the novelist Dostoyevski wrote,"without a firm idea of himself and the purpose of his life,man cannot live even if surrounded with bread." Give evidence that would lead you to support both statements.
Factors of Production
Resources used in the production of goods and services, typically categorized into land, labor, capital, and entrepreneurship.
Households
Economic units consisting of all the people who occupy a housing unit, making decisions about resource allocation, consumption, and labor supply.
Goods and Services
Physical items (goods) and intangible benefits (services) that fulfill human wants or needs.
Factors of Production
Resources used in the production of goods and services, traditionally categorized as land, labor, capital, and entrepreneurship.
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