Economic Concepts Flashcards
1
Q
Economics
A
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2
Q
Microeconomics
A
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3
Q
Demand/Demand Curve
A
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4
Q
Supply/supply curve
A
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5
Q
Demand Curve Shift/Reasons
A
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6
Q
Elasticity
A
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7
Q
Price Elasticity of Demand (ED)
A
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8
Q
ED
A
Elastiity of Demand
9
Q
Elastic
A
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10
Q
Inelastic
A
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11
Q
Unitary Elasticity
A
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12
Q
Income Elasticity of Demand (EI)
A
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13
Q
EI
A
Income Elasticity of Demand
14
Q
Cross-Elasticity of Demand (Exy)
A
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15
Q
Exy
A
Cross-Elasticity of Demand
16
Q
Price Elasticity of Supply (ES)
A
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17
Q
ES
A
Elasticity of Supply
18
Q
Opportunity Cost
A
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19
Q
Equilibrium Price
A
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20
Q
MPS
A
Marginal Propensity to Save
21
Q
Price Ceiling to Price Floor
A
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22
Q
Law of Diminishing Marginal Utility
A
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23
Q
Indifference Curve
A
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24
Q
Returns to Scale
A
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25
Pure (Perfect) Competition
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26
Pure Monopoly
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27
Monopolistic Compeition
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28
Oligopoly
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29
SWOT Analysis
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30
Mission Statement
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31
Macroeconomics
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32
Gross Domestic Product (Nominal GDP)
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33
Demand-Pull Inflation
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34
Cost-Push Inflation
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35
Multiplier Effect
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36
Business Cycle
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37
Expansion
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38
Contraction (Recession)
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39
Economic Indicators
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40
Types of Unemployment
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41
Economic Policies
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42
Economic Theories
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