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Decks in this class (10)
1.1 Scarcity, choice and potential conflicts
Define scarcity 1,
What is the result of humans havi...,
Define the economic problem 3
49
 cards
1.2 Enterprise, business and the economy
What is an entrepreneur 1,
List three characteristics of ent...,
What is creative destruction 3
29
 cards
1.3 Introducing the market
Why is market research needed 1,
What is market research 2,
What are the two main types of ma...
70
 cards
1.4 The role of credit in the economy
Why do businesses need money 3 1,
Internal sources of finance 6 2,
External sources of finance 10 3
12
 cards
1.5 Market failure and government intervention
When does economic efficiency occ...,
What is productive efficiency 2,
What is allocative efficiency 3
83
 cards
JUST GOVERNMENT INTERVENTION
Reasons for taxes 4 1,
What is a tax 2,
Advantages of indirect tax 3
28
 cards
1.6 Revenue, costs, profit, and cash
Why do businesses need cash 3 rea...,
What is a cash flow forecast 2,
Why do businesses need cash flow ...
40
 cards
2.1 Business growth and competitive advantage
Why do businesses wasn t growth 1,
What are economies of scale 2,
What happens when a business grow...
83
 cards
2.2 Firms, consumers and elasticities of demand
What is price elasticity of demand 1,
What is price inelasticity of dem...,
What is the general trend for the...
30
 cards
2.3 Productive efficiency
What are the 3 types of production 1,
What type of production is mass p...,
Adv and disadv of mass production 3
15
 cards
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Econ A-L 💷📉🧮
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[OBSELETE] S - Econ
- 42 decks
- 1521 flashcards
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Decks:
Theme 2, Theme 1, Globalisation, And more!
