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Hasan Anjum
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Decks in this class (20)
The Economc Problem
What are goods 1,
What does it mean to be finite 2,
What is fertile soil 3
24
cards
Economic assumptions
What are variables 1,
What are assumptions 2,
Define irrational 3
16
cards
Factors that may shift the demand curve
What is disposable income 1,
What are inferior goods 2,
What are normal goods 3
11
cards
Demand Curve
What is a demand curve 1,
What s a demand schedule 2,
What does the term effective dema...
8
cards
Supply Curve
What is supply 1,
What is a supply curve 2,
What is per annum 3
8
cards
Factors that may shift the Supply Curve
What are factors that may shift t...,
What does it mean to be volatile 2,
What are ventures 3
15
cards
Market equilibrium
What s government intervention 1,
What s an equilibrium price 2,
What s a market clearing price 3
10
cards
Price elasticity of demand (PED)
What is the price elasticity of d...,
What is inelastic demand 2,
What is elastic demand 3
13
cards
Price elasticity of Supply (PES)
What s a fast moving consumer goo...,
What is price elasticity of supply 2,
What is inelastic supply 3
17
cards
Income Elasticity
Define income elasticity of demand 1,
What s discretionary expenditure 2,
What is excise duty 3
17
cards
Mixed Economy
What s an economy 1,
What s the private sector 2,
What s the public sector 3
20
cards
Privatization
What are monopolies 1,
What is privatization 2,
What does it mean to be bankrupt 3
19
cards
externalities
What are spillover effects 1,
What are emissions 2,
Who are the third parties 3
23
cards
The factors of production and sectors of the economy
Describe one reason why a compute...,
State one example of an occupatio...,
Define the tertiary sector 3
3
cards
Productivity and division of labor
What is productivity 1,
What s a piece rate 2,
What is division of labor 3
19
cards
Business costs, revenues and profit
What are costs 1,
What are fixed costs 2,
What are variable costs 3
11
cards
Diseconomies And Economies Of Scale
Define scale 1,
What are diseconomies of scale 2,
What are economies of scale 3
16
cards
Competitive Markets
What is competition 1,
What are barriers to entry 2,
Define product differentiation 3
13
cards
Advantages and disadvantages of large and small firms
What is a niche market 1,
How is the size of a firm measured 2,
What are some disadvantages of sm...
17
cards
Monopolies
What s a monopoly 1,
What s a new entrant 2,
What s a price maker 3
12
cards
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Microeconomics
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