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ARHANT JAJODIA
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Decks in this class (31)
Chapter 1- Basic Economic Problem
O resources,
O the economic problem,
O scarcity
6
cards
Chapter 2- Factors of Production
O economic good,
O free goods,
O factors of production economic ...
27
cards
Chapter 3- Opportunity Cost
Opportunity cost
1
cards
Chapter 4- Production Possibility Curves(PPC)
Production possibility curve posi...,
Production point,
Movement along ppc
5
cards
Chapter 5- Microeconomics and Macroeconomics
Microeconomics,
Macroeconomics,
Market
7
cards
Chapter 6- Role of Markets in Allocating Resources
Economic system,
Planned economic system,
Directives
15
cards
Chapter 7- Demand
Demand the willingness and abilit...,
Market demand,
Aggregation
16
cards
Chapter 8- Supply
Supply,
Market supply,
Market supply
14
cards
Chapter 9- Price Determination
Equilibrium price,
Excess supply,
Disequilibrium
5
cards
Chapter 10- Price Changes
Effect of changes in demand,
The effect of changes in supply,
Changes in demand and supply
3
cards
Chapter 11-Price Elasticity of Demand
Price elasticity of demand,
Formula of ped price elasticity o...,
Calculate percentage change in qu...
11
cards
Chapter 12-Elasticity of Supply
Price elasticity of supply,
Price elasticity of supply pes fo...,
Formula for percentage change in ...
11
cards
Chapter 13- Market Economic System
Public sector,
State owned enterprises,
Privitization
13
cards
Chapter 14-Market Failure
Third parties,
Social benefits,
Social costs
17
cards
Chapter 15- Mixed Economic System
Mixed economic system,
Aims of a mixed economic system,
Maximum and minimum prices
15
cards
DEFINITIONS CH 16- Money and Banking
Money,
Commercial banks,
Liquidity
13
cards
Chapter 17- Households
Disposable income,
Wealth,
Rate of interest
15
cards
Chapter 18- Workers
Earnings,
Wage rate,
National minimum wage nmw
26
cards
DEFINITIONS CH 19- Trade Unions
Trade unions,
Craft unions,
General unions represent workers ...
15
cards
Chapter 20- Firms
Industry,
Quaternary sector,
Internal growth
23
cards
Chapter 21- Firms and Production
What factors of production are em...,
Altering factors of production,
Combining factors of production
9
cards
Chapter 22- Firms, Costs, Revenue and Objectives
Total cost,
Average total cost,
Fixed costs
14
cards
Chapter 23- Market Structure
Market structure,
Competitive market,
Competitive markets
17
cards
Chapter 24- the role of government
Local government,
Natural monopoly,
Strategic industries
12
cards
Chapter 25- Macroeconomic Aims of Government
0
cards
Chapter 26- Fiscal Policy
Budget,
Budget deficit,
Budget surplus
29
cards
Chapter 28- Supply Side Policy
Supply side policy measures,
Improving education and training,
Lowering direct taxes and increas...
3
cards
Chapter 32- Living Standards
Human development index hdi,
Genuine progress indicator gpi,
Real gdp per head per capita
10
cards
Chapter 33- Poverty
Absolute poverty,
Relative poverty,
Vicious cycle of poverty
7
cards
Chapter 34- Population
Emmigration,
Birth rate,
Death rate
16
cards
Chapter 35- Economic Development
Economic development,
Stages of economic development,
Measures of economic development
8
cards
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Economics
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