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micro economics
> division of labour > Flashcards
division of labour Flashcards
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micro economics
(18 decks)
the economic problem
ppf
specialisation
division of labour
money and exchange
PED
YED
XED
PES
specialisation + division of labour
money + exchange
types of economy
rational decision making
consumers - demand
consumer surplus
supply
price mechanism
indirect taxes and subsidies
