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Topic 1-intro to economics

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

By: Amritpal Judge
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Decks in this class (13)

What is economics part 1 ?
What is economics,
2  cards
What is economics part two ?
What is economics part 2,
What affects consumption
2  cards
What factors effect Production?
What 3 factors affect production,
Describe the 3 factors which affe...
2  cards
What is scarcity
What is scarcity
1  cards
Supply And Demand
What can production and consumpti...,
Is there only one type of scarcit...,
Do human wants ever stop
13  cards
Scarcity and Society 1
Because of scarcity what does soc...,
What does society do wit
2  cards
Scarcity and Society 2
Society uses all of it s resource...,
The government tries to estimate ...,
13  cards
Scarcity and Society 3
If aggregate demand increase what...,
If the rate of inflation is high ...,
Inflation is high why can t homem...
11  cards
Opportunity costs-threshold 1
If,
The more money you spend on games...,
What is your own terms is opportu...
14  cards
Opportunity costs thresh hold one part 2
Microeconomics is concerned with,
Demands in society can be answere...,
If an economy is b
12  cards
Market types
What do you think the meaning of ...,
Think of some advantages of havin...,
Think os some disadvantages withi...
4  cards
Models in economics
What do you think are economic mo...,
Can models be projected mathemati...,
Example of economic models
12  cards
Supply and demand 4/5
The price of goods services incre...,
If price of goods services increa...,
If the price of something increas...
8  cards

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Topic 1-intro to economics

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