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Economics Theme 1: Intro To Markets And Market Failure > Specialisation And The Division Of Labour > Flashcards

Specialisation And The Division Of Labour Flashcards

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Economics Theme 1: Intro To Markets And Market Failure (23 decks)

Economics As A Social Science

AS macro Key Words

The Economic Problem

Production Possibility Frontiers

Specialisation And The Division Of Labour

Types Of Economy

Rational Decision Making

Price Elasticity Of Demand

Income And Cross Elasticities

Price Determination

The Price Mechanism

Indirect Taxes And Subsides

Alternative Views Of Consumer Behaviour

Types Of Market Failure

Information Gaps

Government Intervention In Markets

Government Failure

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