This class was created by Brainscape user Mischa Montejo. Visit their profile to learn more about the creator.
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Mischa Montejo
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Decks in this class (12)
Topic 1: The nature of economics
What is the economic problem 1,
What is the need for choice by in...,
What is opportunity cost 3
16
cards
Topic 1: The operation of an economy
What are the factors of production 1,
What are the rewards for the fact...,
What is land 3
34
cards
Topic 1: Economies: their similarities and differences
What is a pure mkt economy 1,
What is a centrally planned econo...,
Define product market 3
21
cards
Topic 2: The role of consumers in an economy
What is consumer sovereignty 1,
Name aspects of business conduct ...,
How does marketing reduce consume...
29
cards
Topic 2: The role of business in the economy
Define industry 1,
What are the factors that may inf...,
How does the skills and experienc...
31
cards
Topic 3: The role of the market
Blank 1
1
cards
Topic 3: Demand and Supply
Define demand 1,
What are the factors that affect ...,
How does the price of the g or s ...
74
cards
Topic 3: Variations in competition
Blank 1
1
cards
Topic 4: Demand for and Supply of labour
What is the labour market 1,
Explain how the d for labour is a...,
What are the factors that affect ...
24
cards
Topic 4: Labour market outcomes
What are wage outcomes 1,
What is nominal wage 2,
What is real wage 3
49
cards
Topic 6: Government Intervention in the economy
What are the four main market str...,
What are the conditions of a pure...,
What are the conditions of a mono...
6
cards
Topic 6: The role of the Government
What are the 3 levels of governme...,
Blank 2
2
cards
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Economics
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