This class was created by Brainscape user Karina Ogorodnikova.
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Karina Ogorodnikova
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Decks in this class (18)
Economic Problem
What are goods 1,
What are services 2,
Examples of goods and services 3
22
cards
Economic Assumptions
What is an irrational 1,
What is an assumption 2,
What is a rational 3
12
cards
1.1.3 Demand, Supply & Market Equilibrium
What is demand 1,
Where the demand is going in grap...,
When the demand increases 3
37
cards
1.1.6 Externalities
What is the merit good is 1,
What is the formula of social ben...,
What does externalities means 3
5
cards
1.2.3 Revenue, Costs & Profits
Formula of profit loss 1,
Formula of sales revenue 2,
Formula of total costs 3
9
cards
Business Competition
How market structures relate to t...,
What is a perfectly competition m...,
What are price takers 3
33
cards
1.2.5 The Labour Market
Who provides the supply and deman...,
What are 3 factors affecting the ...,
What are 3 factors affecting the ...
24
cards
Inflation
What is inflation 1,
What is a deflation 2
2
cards
Macroeconomics Objectives - 2.1.1
Definition of economic growth 1,
What is an economic activity 2,
What measure economic growth 3
11
cards
Labour Mobility
Labour mobility 1,
Geographically mobile 2,
Occupationally mobile 3
6
cards
1.1.4 Elasticity
Price elasticity of demand ped 1,
Formula of ped 2,
Price elastic 3
6
cards
1.1.5 The Mixed Economy
Definition of mixed economy 1,
Definition of public and private ...,
Difference between public and pri...
19
cards
1.2.1 Production
The factors of production 1,
Sectors of the economy 2,
Added value 3
3
cards
1.2.2 Productivity And Division Of Labour
Definition of productivity 1,
Factors affecting productivity 2,
Definition of division of labour ...
7
cards
Unemployment
Define unemployment 1,
What is the unemployment rate 2,
True or false frictional unemploy...
26
cards
Balance Of Payments
What is the current account on th...,
What is the difference between vi...,
What is the difference between a ...
8
cards
Macroeconomic Objectives - Protecting The Environmnent
Water pollution 1,
How can the government deal with ...,
Benefits for 3
5
cards
Inflation
Inflation 1,
Deflation 2,
Demand pull inflation 3
9
cards
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Economics
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