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

Decks in this class (30)

1A : management of resources
What are the two types of economi...,
When deciding on allocation of re...,
Define consumption and production 3
11  cards
2 : Specialisation
What is specialisation 1,
What are some advantages of speci...,
What are some disadvantages of sp...
9  cards
4 : Price elasticity Of Demand
What is elasticity 1,
What are the four types of elasti...,
What is the difference between el...
5  cards
5 : elasticity and its importants to businesses
What is a rectangular hyperbola 1,
What is the importance of price e...,
What is the formula for profit 3
5  cards
6 : income elasticity ( Mr William )
Define income elasticity yed 1,
What are luxury items and why are...,
What are necessities and why are ...
6  cards
7 : cross price elasticity of demand (not fin)
What is cross elasticity of deman...,
What is the formula for xed 2,
Blank 3
3  cards
8*
0  cards
9 : price elasticity of supply
How to calculate price elasticity...,
What are the factors affecting pr...,
How do businesses protect themsel...
4  cards
10: The Labour Market & How Wage Determination
What is labour market refer to 1,
Define labour demand 2,
What are the factors that influen...
6  cards
12 : (trade Unions ) Factors That Affect Flexibility In Labour Markets
What are trade unions 1,
What is meant by union density 2,
What is meant by union mark up 3
5  cards
14 : Factors That Effect Flexiblilty In The Labour Market MIGRATION
What are some advantages in migra...,
What are some disadvantages of mi...
2  cards
15 : Exchange Rates
What are exchange rates 1,
What are the effects of a high po...,
What are the effects of a low pou...
12  cards
16 : Exchange Rates Simple Changes
What are the factors that effect ...,
What happens to the pound when th...,
What happens he the pound as uk i...
9  cards
17*
0  cards
18 : Exchange Rate Policy (mot Fin
What are the different types of e...,
Blank 2
2  cards
19
Blank 1
1  cards
20 : Macroeconomic Impact Of Exchange Rates
Blank 1
1  cards
21*
0  cards
22*
0  cards
23*
0  cards
24 : Suply Side Piloolicies
What are supply side policies 1,
What kind of supply side policies...,
What are interventionist supply s...
6  cards
25 : Trade
What are trade groupings 1,
What is customs unions and free t...,
What is trade diversion 3
4  cards
26 *
Blank 1
1  cards
27 *
Blank 1
1  cards
28 : International Trade
What are the three main reasons w...,
What is absalute advantage 2,
What is comparative advantage 3
3  cards
30 : Protectionism
What are the different forms of p...,
What are some arguments for prote...,
What are the advantages and disad...
3  cards
31*
0  cards
32 : Quotas
What are quotas 1,
What are non tariff barriers ntbs 2
2  cards
33*
0  cards
34 : Subsidies
What are subsidies 1,
Blank 2
2  cards

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economics

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