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

Decks in this class (71)

Production vs Productivity
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13  cards
Factors of Production
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11  cards
Economic Systems
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15  cards
Division of labour
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7  cards
Section 3 Obj 1&2
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5  cards
Obj 3.3
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20  cards
Obj 3.8
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4  cards
Obj 3.7
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4  cards
Obj 3.9-3.12
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8  cards
Analysis of PED 2
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5  cards
Analysis of the PED
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11  cards
Factors affecting PED
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4  cards
USES OF PED
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5  cards
Income elasticity of demand (YED)
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17  cards
FACTORS AFFECTING THE YED
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1  cards
Uses of the YED
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4  cards
Cross elasticity of demand
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6  cards
Uses of XED
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4  cards
Demand/Supply in the market
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5  cards
Changes in Equilibrium Price and Quantity
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3  cards
Increase/Decrease in demand (3rd law)
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8  cards
Increase/Decrease in Supply (4th law of demand and supply)
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4  cards
Decrease/increase in demand decrease/increase in supply
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8  cards
Increase/decrease in demand Increase/Decrease in supply
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5  cards
Market Disequilibrium
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2  cards
Government interference with equilibrium prices
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4  cards
Price ceiling (excess in demand, shortage in supply)
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4  cards
Price floor (shortage in demand, excess in supply)
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5  cards
Section 2- Obj 2.3- Main sectors in an economy
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3  cards
Section 2 Obj- 2.1 Production & productivity
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16  cards
Short run/long run
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12  cards
Section 4 Revenue And Profits
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7  cards
Productive And Allocative Efficiency
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11  cards
Objective Of Firms
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10  cards
Market Structure
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8  cards
Perfect competition
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7  cards
Short run and long run eq. in P.C
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6  cards
Abnormal profits, Losses, normal profits in short run
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9  cards
Long run in the pc
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5  cards
Monopolistic comp
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5  cards
ABNORMAL PROFITS MADE BY MONOPOLISTIC FIRM IN THE SHORT RUN ( AR> AC)
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10  cards
Oligopoly
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9  cards
Monopoly
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3  cards
SECTION 5-Money
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8  cards
Features/functions of money + Money supply
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7  cards
functions of money
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2  cards
the money supply
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14  cards
Demand and supply of money
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18  cards
Financial sector
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3  cards
Functions of the financial sector
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8  cards
Financial instruments
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11  cards
monetary policy
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10  cards
Tools of monetary policy
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10  cards
Government sectors
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12  cards
Sources of Govt revenue
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15  cards
Tax structures
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10  cards
National Budget
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10  cards
Govt borrowing
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6  cards
Fiscal Policy
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13  cards
Distinction between National Income (GDP) vs Disposable Income
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9  cards
GDP
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7  cards
GDP definitions
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6  cards
Income method
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7  cards
Output method/value added approach
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4  cards
RELATIONSHIP BETWEEN ECONOMIC GROWTH AND TAXATION
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6  cards
Gross National Product
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15  cards
Net national product
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0  cards
GDP formulas
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6  cards
GDP deflator
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15  cards
Outputs
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4  cards
Terms of Trade
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1  cards

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