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Eco- Mixed Revision

This class was created by Brainscape user Nikita Dabral. Visit their profile to learn more about the creator.

By: Nikita Dabral
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Decks in this class (20)

Section 1- The basic economic problem
Define resources,
Define free good,
Define opportunity cost
40  cards
Section 2- The allocation of resources
Define microeconomics,
Define macroeconomics,
Define market
105  cards
Section 3- Microeconomic decision makers
Define,
Define legal tender,
Functions of money
86  cards
Section 5- Economic Development
Indicators of living standards,
Human development index hdi,
Genuine progress indicator gpi
56  cards
Chap 20
Define firm,
Define plant,
3 classification of firms
39  cards
Chap 21
The type of factors of production...,
When factors of production are su...,
Factors influencing demand for ca...
8  cards
Chap 22
Define total cost,
Define average total cost,
Define fixed costs
21  cards
Chap 23
Define market structure,
Define competitive market,
Characteristics of a competitive ...
23  cards
Chap 24
How much the government intervene...,
The government s influence on the...,
Define local government
14  cards
Chap 25
The main government aims for the ...,
Define economic growth,
Define actual economic growth
40  cards
Chap 26
Define budget,
Define budget deficit,
Budget surplus government revenue...
46  cards
Chap 27
Measures of the money supply,
Define monetary policy,
Changes in the money supply
8  cards
Chap 28
Define supply side policy,
Aims of supply side policies,
These policy measures include imp...
19  cards
Chap 29
Define gross domestic product gdp,
Methods of measuring gdp these ar...,
Circular flow of income
30  cards
Chap 30
Employment being involved in a pr...,
Unemployment,
Patterns of employment
38  cards
Chap 36
Advantages of specialisation on c...,
Disadvantages of specialization o...,
Advantages for firms
14  cards
Chap 37
Define globalisation,
Reasons for the greater interconn...,
Benefits of globalization
27  cards
Chap 39
Define balance of payments,
The current account shows the inc...,
Define trade in goods
25  cards
Chap 38
Foreign exchange rate,
Fixed exchange rate,
Floating exchange rate
12  cards
Chap 31
Deflation,
Disinflation,
Cpi
11  cards

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Eco- Mixed Revision

  • Class purpose General learning

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