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Economics

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

By: Mohamed Aboulkheir
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Decks in this class (12)

The Economic Problem
Define goods 1,
Define services 2,
What is the economic problem 3
10  cards
Economic Assumptions
Define the term irrational 1,
Define consumer assumptions 2,
Define business assumptions 3
10  cards
Demand, Supply and market equillibrium
Define demand 1,
Drawing the demand curve 2,
How to increase demand 3
10  cards
Elasticity
What does ped stand for 1,
What does pes stand for 2,
What does price elasticity of dem...
10  cards
Mixed Economy
State the options provided by eco...,
Define economic systems 2,
Define a mixed economy 3
10  cards
Externalities
State 3 examples of negative prod...,
Define negative externalities 2,
Define external benifits 3
10  cards
Division of labour
What is the division of labour 1,
How does the division of labour c...,
What are some benefits of worker ...
8  cards
Production
What is the definition of product...,
What are the four factors of prod...,
What is meant by the term opportu...
11  cards
Competition
What is perfect competition 1,
What are the characteristics of p...,
What is monopolistic competition 3
11  cards
The labour market
What is the labour market 1,
What are the main factors affecti...,
What is the supply of labour 3
10  cards
Government intervention
What is government intervention i...,
What is a market failure 2,
What are examples of government i...
10  cards
Macroeconomic Objectives
A what is the definition of econo...,
A how is economic growth measured...,
A what are the limitations of gdp...
75  cards

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Economics

  • Class purpose General learning

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