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ARHANT JAJODIA
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Decks in this class (31)
Chapter 1- Basic Economic Problem
O resources 1,
O the economic problem 2,
O scarcity 3
6
cards
Chapter 2- Factors of Production
Economic good 1,
Free goods 2,
Factors of production economic re...
27
cards
Chapter 3- Opportunity Cost
Opportunity cost 1
1
cards
Chapter 4- Production Possibility Curves(PPC)
Production possibility curve posi...,
Production point 2,
Movement along ppc 3
5
cards
Chapter 5- Microeconomics and Macroeconomics
Microeconomics 1,
Macroeconomics 2,
Market 3
7
cards
Chapter 6- Role of Markets in Allocating Resources
Economic system 1,
Planned economic system 2,
Directives 3
15
cards
Chapter 7- Demand
Demand 1,
Market demand 2,
Aggregation 3
16
cards
Chapter 8- Supply
Supply 1,
Market supply 2,
Extension in supply 3
14
cards
Chapter 9- Price Determination
Equilibrium price 1,
Excess supply 2,
Disequilibrium 3
5
cards
Chapter 10- Price Changes
Effect of changes in demand 1,
The effect of changes in supply 2,
Changes in demand and supply 3
3
cards
Chapter 11-Price Elasticity of Demand
Price elasticity of demand 1,
Formula of ped price elasticity o...,
Calculate percentage change in qu...
11
cards
Chapter 12-Elasticity of Supply
Price elasticity of supply 1,
Price elasticity of supply pes fo...,
Formula for percentage change in ...
11
cards
Chapter 13- Market Economic System
Public sector 1,
State owned enterprises 2,
Privitization 3
13
cards
Chapter 14-Market Failure
Third parties 1,
Social benefits 2,
Social costs 3
17
cards
Chapter 15- Mixed Economic System
Mixed economic system 1,
Aims of a mixed economic system 2,
Maximum and minimum prices 3
15
cards
DEFINITIONS CH 16- Money and Banking
Money 1,
Commercial banks 2,
Liquidity 3
13
cards
Chapter 17- Households
Disposable income 1,
Wealth 2,
Rate of interest 3
15
cards
Chapter 18- Workers
Earnings 1,
Wage rate 2,
National minimum wage nmw 3
26
cards
DEFINITIONS CH 19- Trade Unions
Trade unions 1,
Craft unions 2,
General unions 3
15
cards
Chapter 20- Firms
Industry 1,
Quaternary sector 2,
Internal growth 3
23
cards
Chapter 21- Firms and Production
What factors of production are em...,
Altering factors of production 2,
Combining factors of production 3
9
cards
Chapter 22- Firms, Costs, Revenue and Objectives
Total cost 1,
Average total cost 2,
Fixed costs 3
14
cards
Chapter 23- Market Structure
Market structure 1,
Competitive market 2,
Competitive markets 3
17
cards
Chapter 24- the role of government
Local government 1,
Natural monopoly 2,
Strategic industries 3
12
cards
Chapter 25- Macroeconomic Aims of Government
0
cards
Chapter 26- Fiscal Policy
Budget 1,
Budget deficit 2,
Budget surplus 3
29
cards
Chapter 28- Supply Side Policy
Supply side policy measures 1,
Improving education and training 2,
Lowering direct taxes and increas...
3
cards
Chapter 32- Living Standards
Human development index hdi 1,
Genuine progress indicator gpi 2,
Real gdp per head per capita 3
10
cards
Chapter 33- Poverty
Absolute poverty 1,
Relative poverty 2,
Vicious cycle of poverty 3
7
cards
Chapter 34- Population
Emigration 1,
Birth rate 2,
Death rate 3
16
cards
Chapter 35- Economic Development
Economic development 1,
Stages of economic development 2,
Measures of economic development 3
8
cards
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Economics
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