This class was created by Brainscape user Serena Kundu. Visit their profile to learn more about the creator.
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Serena Kundu
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Decks in this class (5)
Definitions
Economic problem,
Economic activity,
Specialisation
36
cards
The reasons for individuals, organisations and societies having to make choices
Economics,
Economic problem,
What are the three aspects of the...
22
cards
Competitive markets and how they work
Define producer surplus,
Define consumer surplus,
A fall in the market price leads to
45
cards
Market failure and government intervention
When does market failure occur,
What are externalities,
Name the causes of information fa...
41
cards
Things I don't understand
Define information failure,
What are the causes of informatio...,
What are the consequences of info...
26
cards
More about
Micro
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