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Year 10 Economics

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

By: Jeffrey Lai
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Decks in this class (9)

General Terms and Definitions
Define needs,
What happens if needs are not met,
What are wants
13  cards
Resources
What are free goods,
What are economic goods,
How are economic goods allocated
34  cards
Demand
What is demand,
What is the definition of demand,
What is willing and able mean
7  cards
Supply
What is the definition of supply,
What is the definition of a suppl...,
What is the definition of a suppl...
5  cards
Market
What is the definition of a market,
How can you exchange goods servic...,
What is market equilibrium
6  cards
Business Structures
What are 2 advantages of a sole t...,
What are 2 disadvantages of a sol...,
What are 2 advantages of a partne...
8  cards
Business Structures 2
Personal assets cannot be taken t...,
Number of owners permissible in a...,
You might see this when partners ...
10  cards
Fair Trading Act
What is puffery,
What does the fair trading act cover,
What does the fair trading act no...
12  cards
Consumer Guarantees Act
Name the rights of a consumer,
Name the rights of a producer,
Name the obligations of a consumer
7  cards

More about
Year 10 Economics

  • Class purpose General learning

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