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Decks in this class (24)
Demand
State the law of demand 1,
State the 2 reasons of the invers...,
Definition of effective demand 3
15
cards
Supply
Definition of suppy 1,
Law of supply 2,
Change in quantity supplied 3
9
cards
Equilibrium Price
Surplus excess supply 1,
Shortage excess demand 2,
Equilibrium price 3
6
cards
PED
Definition of ped 1,
Ped formula 2,
Elastic demand 3
11
cards
PES
Definition of pes 1,
Pes formula 2,
Perfectly inelastic supply 3
8
cards
Market Failure
Characteristics of market economy...,
Benefits of market economy 3 2,
Definition of market failure 3
17
cards
Money
What is trade 1,
Why do people countries trade 2,
Specialization definition 3
11
cards
Banking
Commercial banks 1,
Roles 6 of commercial banks 2,
Types of lending by commercial ba...
8
cards
Households and Spending
Gross income 1,
Disposable income 2,
Nominal income 3
5
cards
Occupations and Earning
Factors that influence choice of ...,
Wages salaries are made up of 4 d...,
Job satisfactions 3 3
7
cards
Labour Market
Factors affecting supply of labou...,
Factors affect demand for labour 4 2,
Supply of labour 3
13
cards
Trade Union
Trade union definition 1,
Advantages of the trade union 4 2,
Collective action going on strike 3
3
cards
Spending, Saving, Borrowing
Reasons for consumption spending 2 1,
Conspicuous consumption definition 2,
In order to consume people need 3
21
cards
Demand for FOP
Labour intensive production 1,
Capital intensive production 2,
Production 3
9
cards
Revenue and Profit
Costs definition 1,
Total cost tc 2,
Total fixed cost tfc 3
22
cards
Size of firms
Number of employees 1,
Size of firms 4 2,
Market share 3
31
cards
Role of Govt.
Economic objectives of every govt...,
Govt is a producer of 2,
Govt is an employer 3
5
cards
Economic Growth
Output definition 1,
National income 2,
Gdp per capita average gdp per ci...
12
cards
Unemployment
Unemployment definition 1,
Labour force definition 2,
Unemployment rate definition 3
10
cards
Inflation
Inflation definition 1,
Demand pull inflation definition 2 2,
Cost push inflation definition 3
15
cards
Monetary Policy
Monetary policy definition 1,
Contractionary monetary policy 6 2,
Expansionary monetary policy 6 3
3
cards
Fiscal Policy
Fiscal policy definition 1,
Taxation definition 2,
Objectives of tax 4 3
13
cards
Supply Side Policies
Supply side policies definition 1,
Supply side policy measures 6 2,
Deregulation definition 3
3
cards
Nature of economic problem + FOP + PPC
Economic good 1,
Free good 2,
Factors of production 3
9
cards
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Economics Grade 9 (EYE)
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