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Najma Ahmed
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Decks in this class (19)
1.1.1 The Economic Problem
What is the basic economic problem 1,
What is the problem of scarcity 2,
When producing goods the economy ...
3
cards
1.1.2 Business Objectives
What are the business objectives ...,
What is profit 2,
When does a firm break even 3
20
cards
1.1.3 Stakeholders (economic agents) and their objectives
What is a stakeholder 1,
What do shareholders want 2,
What do employees want 3
10
cards
1.2.1 Role Of An Entrepreneur In The Economy
What is the process of creative d...,
Consequences of technological cha...,
What can technological change lea...
12
cards
1.2.2 Entrepreneurial Motives
What can entrepreneurs do to gain...,
What is the factors of production 2,
An example of social entrepreneur...
5
cards
1.2.3 Factors Of Production
What is factors of production 1,
Why do entrepreneurs bring the fa...,
What does capital mean 3
10
cards
1.2.4 Specialisation
When does specialisation occur 1,
How did adam smith show the divis...,
Who can achieve specialisation 3
5
cards
1.2.5 The Wider Economic Environment
What are the different implicatio...,
Interest rates consequences of an...,
What does it mean if firms have a...
23
cards
1.3.1 Demand
What is effective demand 1,
What is individual demand 2,
What is market demand 3
16
cards
1.3.2 Supply
What is individual supply 1,
What is market supply 2,
What is joint supply 3
14
cards
1.3.3 Price Determination
What is equilibrium price 1,
What is the market price clearing 2,
What is a shortage in the market 3
4
cards
1.3.4 Price Mehanism
What does price mechanism determi...,
How does price mechanism solve sc...,
What are the 3 price mechanisms t...
8
cards
1.3.5 Understanding The Consumer
Why is primary research useful 1,
How is qualitative data useful 2,
What is market research 3
4
cards
1.3.6 The Competition
What is a market map 1,
What does a market map show 2,
How does a firm have competitive ...
11
cards
1.4.1 Role Of Banks In The Economy
If interest rates are low what is...,
How does the real value of saving...,
How does low interest rates encou...
18
cards
1.4.2 Risk & Liability
What is risk 1,
When does a bank face risk 2,
What is the risk for the return o...
6
cards
1.4.3 Types & Sources Of Credit & The Impact Of Credit Within The Economy
What is a loan 1,
What is an overdraft 2,
Advantages of an overdraft 3
14
cards
1.5.1 Market Failure & Externalities
What are private costs 1,
What are social costs 2,
What are external costs 3
22
cards
1.5.2 Government Intervention & Failure
What are methods of government in...,
What does it mean by regulation l...,
What are indirect taxes 3
14
cards
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Economics (theme 1)
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