This class was created by Brainscape user joal l. Visit their profile to learn more about the creator.
By:
joal l
- decks
- flashcards
- learners
Decks in this class (17)
1.1 Scarcity, Choice And Opportunity Cost
Meaning of scarcity,
Meaning of needs,
Meaning of wants
4
cards
1.2 Economic Methodology
What is economics,
Meaning of microeconomics,
Meaning of macroeconomics
6
cards
1.3 Factors Of Production
4 factors of production,
Meaning and reward of land,
Meaning and reward of labour
8
cards
1.4.1 Market Economy
Meaning of economic system,
Meaning of market economy,
Meaning of price mechanism
8
cards
1.4.2 Planned Economy
Meaning of planned economy,
Characteristics of planned economy,
Advantages of planned economy
5
cards
1.4.3 Mixed Economy
Meaning of mixed economy,
Characteristics of mixed economy,
Advantages of mixed economy
4
cards
1.4.4 Transition Process
Meaning of transition economies,
The transition process,
Difficulties faced by transition ...
3
cards
1.5 Production Possibility Curve
Definition of ppc,
Causes of a shift of ppc to the r...
2
cards
1.6 Classification Of Goods And Servces
Definition of free goods,
Private goods,
Public goods
6
cards
2.1 Demand And Supply
Definition of demand,
Individual demand,
Market demand
7
cards
2.2 Price Elasticity Of Demand
Price elasticity of demand,
Types of responses towards ped,
Determinants of ped
4
cards
2.2 Income Elasticity Of Demand
Income elasticity of demand yed,
Type of responses,
Application of yed
6
cards
Cross Elasticity Of Demand
Cross elasticity of demand xed,
Application of xed producer,
Application of xed government
4
cards
Price Elasticity Of Supply
Meaning of price elasticity of su...,
Determinants of pes,
Application of pes
4
cards
2.5c Consumer And Producer Surplus
Consumer surplus meaning,
Producer surplus meaning
2
cards
3.1 & 3.2 Reason And Methods For Government Intervention
Reason for government intervention,
How government intervene the market,
Types of indirect taxes
5
cards
3.2.2 Subsides
0
cards
More about
Economics
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study joal l's Economics flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Economics
- 25 decks
- 1413 flashcards
- 1607 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
HSC Economics
- 39 decks
- 1014 flashcards
- 160 learners
Decks:
Yr 11 Economic Growth Development, Yr 11 Globalisation Market Failures, Yr 11 Inequality Unemployment, And more!
Art - Music - Economics
- 34 decks
- 3934 flashcards
- 189 learners
Decks:
Art, Music, Economics, And more!
Economics
- 24 decks
- 1027 flashcards
- 211 learners
Decks:
Module 6 Economic Efficiency, Essay Questions, Module 1 Economic Concepts Issues And To, And more!
