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DY Lee
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Decks in this class (19)
Chapter 18 Workers
Name wage factors 4,
Define earnings,
Define wage rate
50
cards
Chapter 1 -6
Define scarcity,
Define scrace,
Explain economic goods 3
33
cards
Chapter 7-12
Define demand,
Define quantity demanded,
What is the relationship between ...
37
cards
Chapter 13-15
Define market economic system,
Define public sector,
Advantages of the market economic...
24
cards
Chapter 19 Trade Union
Role of trade unions,
What do unions push for when they...,
What do trade unions pressure gov...
18
cards
chapter 20-23 Firms
Define industry,
What are the 4 stages of producti...,
Define primary sector
70
cards
Chapter 16 Money and Banking
Define money,
Forms of money 3,
Characteristics of money 5
10
cards
Chapter 17 Households
Define disposable income,
Define consumption,
Define dissaving
19
cards
Chapter 24 The role of government
Govt role as producer,
Govt role as employer,
Define natural monopoly
9
cards
Chapter 25 Macroeconomic Aims of Government
What are the macroeconomic aims o...
1
cards
Chapter 29 Economic Growth
Define economic growth,
Positives of economic growth 2,
Negative consequences of economic...
14
cards
Chapter 30 Employment and Unemployment
Define unemployment,
Define employment,
Types of changes in the patterns ...
9
cards
Chapter 31 Inflation and Deflation
Define inflation,
Define deflation,
Define disinflation
12
cards
Chapter 26 Fiscal Policy
Define fiscal policy,
Define budget defecit,
Define balanced budget
30
cards
Chapter 27 Monetary Policy
Define monetary policy,
What are the commonly used moneta...,
Which institution carries out mon...
10
cards
Chapter 33 Poverty
Define absolute poverty,
Define relative poverty,
Causes of poverty 3
6
cards
Chapter 34 Population
Define emigration,
Define birth rate,
Define death rate
22
cards
Chapter 35 Differences in economic development between countries
Define economic development,
Causes of differences in economic...,
Vicious cycle of poverty 4
4
cards
36 International specialisation
When does specialisation occur at...,
What is what countries are best a...,
Why should countries specialising...
9
cards
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Economics
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