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Decks in this class (12)
Demand
What causes a shift in demand 1,
What does ped measure 2,
What is the ped formula 3
18
cards
Supply
What is the definition of supply 1,
What are the factors that cause s...,
What does pes measure 3
8
cards
Introduction to economics
What is the definition of a possi...,
What is a normative statement 2,
What is opportunity cost 3
33
cards
Consumer and producer surplus
Explain the law of diminishing ma...,
What is the definition of consume...,
What is the definition of produce...
7
cards
Taxes and subsidies
What are the 2 types of tax 1,
What is the definition of an indi...,
What are the 2 types of indirect ...
9
cards
Market failure and government intervension
What is the definition of market ...,
What are the 4 types of market fa...,
What is a negative externality 3
16
cards
Revenue, cost and profit
What is total revenue 1,
What is average revenue 2,
What is marginal revenue 3
28
cards
Efficiencies
What are the 4 types of efficienc...,
What is productive efficiency 2,
What is allocative efficiency 3
7
cards
Market structures
What do the charcteristics of mar...,
What are the characteristics of p...,
Are firms in perfect competition ...
27
cards
Buisness objectives and growth
Who are the various stakeholders 1,
What is revenue maximisation 2,
Which stakeholder wants to revenu...
32
cards
Regulation and competition policy
What is the uk s regulator 1,
What is the role of the regulator 2,
What are the types of regulation ...
29
cards
Labour markets
What is excess supply called in t...,
What are the factors that affect ...,
What are the factors that affect ...
20
cards
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Microeconomics
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