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

Decks in this class (16)

Economic growth- unit 2
What are the government objective...,
What is gdp 2,
What is gdp per capita 3
19  cards
Unemployment - Unit 2
What is unemployment 1,
What are two methods of calculati...,
How does a claimant count work 3
20  cards
Inflation - Unit 2
What is inflation 1,
What is hyper inflation 2,
How is inflation calculated 3
14  cards
Externalities - unit 2
External costs are 1,
What are private costs 2,
What are social costs 3
8  cards
Government Income and Expenditure - unit 2
What are 3 main areas of governme...,
What are 3 sources of the governm...,
Define direct tax 3
12  cards
Government Policies -unit 2
Fiscal policy 1,
Budget surplus 2,
Budget deficit 3
11  cards
Introduction of Economics - Unit 1
What is the basic economic problem 1,
What always results with an oppor...,
Give 3 examples of maximising beh...
24  cards
Markets - Unit 1
What is the structure of a demand...,
What is the only factor that caus...,
What is an increase in quantity d...
16  cards
Price Elasticity of Demand - Unit 1
What is price elasticity of demand 1,
Ped formula 2,
Give seven factors affecting ped 3
13  cards
Price Elasticity of supply - Unit 1
What does pes do 1,
How do you measure pes 2,
If pes is more than 1 what is it 3
6  cards
Specialisation - Unit 1
What is specialisation 1,
What is division of labour 2,
6 advantages of specialisation 3
4  cards
Business behaviour and Markets - Unit 1
What is the private sector 1,
What is a social enterprise 2,
What is the public sector 3
20  cards
Business behaviour - Growth; - Unit 1
What is the product market 1,
7 benefits of a product market 2,
7 limitations of a product market 3
23  cards
Business Performance - Unit 1
4 how can business performance be...,
Who are stakeholders 2,
What is competition 3
12  cards
Labour Markets - Unit 1
Where does labour demand arise fr...,
What is derived demand 2,
Demand for labour will arise if 3
15  cards
Minimum wage - Unit 1
5 why may regional wage differenc...,
On the graph for a rise in the mi...,
4 advantages to the minimum wage 3
5  cards

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Economics

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