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HASS Economics Year 8

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

By: Kavinima M
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Decks in this class (8)

Economics
What is economics,
Example of economics,
Two branches of economics
8  cards
Definitions
What is a need and an example,
What is a want and an example,
What is opportunity cost
3  cards
Factors of Production
Four factors of production,
What is land and an example,
What is labour and an example
5  cards
Circular Flow of Income
What is the circular flow of income,
Assumptions,
Inner flow
14  cards
Price System and Market Economy
What is the price system and mark...
1  cards
Types of Markets
What is a market,
Types of markets,
What is a retail market and an ex...
6  cards
Supply and Demand
What is demand,
What is the law of demand,
Factors affecting demand
6  cards
More
Competitive market,
Pros of competitive markets,
Cons of competitive markets
6  cards

More about
HASS Economics Year 8

  • Class purpose General learning

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