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

Decks in this class (20)

intro to economics
Economics,
Why do we study it,
Oiknoma
15  cards
history of economy
Main industry of pre colonial,
What did the pre colonial period ...,
What is barter
19  cards
Types Of Resources
The study of statistics such as b...,
What s the number of people that ...,
Population per unit area
21  cards
Wants Vs Needs
Driving force behind motivation,
Sickness or death,
Luxury make life convenient
15  cards
Allocatin
What is allocation,
4 econ dystems,
No central control
28  cards
Scarcity
What are the benefits of a big ec...,
What are some of the factors to c...,
What are the benefits of a small ...
17  cards
Consumption
Consumption,
Free goods andeconomicgoods,
Final goods
18  cards
Production
Production,
Inputs of production,
Outputs of production
23  cards
supply
The quantity of the goods and ser...,
Ceteris paribus,
Law of supply is proportional
44  cards
Demand
Studies economy through behavior ...,
Microeconomics central idea,
Demand to buy a good or service a...
10  cards
Gdp
Spending by household on goods an...,
The market value of all final goo...,
Spending by firms on capital good...
20  cards
Gdp
The income of a non resident fore...,
Transport equipment is the commod...,
Gdp is computed using the income ...
7  cards
Inflation
Parts of buisness cycle,
Expansion,
Peak
31  cards
Fiscal
What is monetary policy,
Collective term for the taxing sp...,
Functions of money
18  cards
agricultural sector
1  cards
Agri
Primary agriculture,
Secondans industnal,
Source of raw materials
29  cards
indrustrial
2  cards
industrial
# ``````,
A prossess that involes capital,
1st led by because the didn t war
27  cards
services
Share in emploument,
Any proffessional senice doctor l...,
Selling of goods
19  cards
Foreign
Can produce a product more effici...,
Least opp cost,
Comparative who
16  cards

More about
econonmics

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Joedi Kirsten's econonmics 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?

Make Flashcards