This class was created by Brainscape user Joedi Kirsten. Visit their profile to learn more about the creator.
By:
Joedi Kirsten
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Decks in this class (20)
intro to economics
Economics,
Why do we study it,
Oiknoma
15
cards
history of economy
Main industry of pre colonial,
What did the pre colonial period ...,
What is barter
19
cards
Types Of Resources
The study of statistics such as b...,
What s the number of people that ...,
Population per unit area
21
cards
Wants Vs Needs
Driving force behind motivation,
Sickness or death,
Luxury make life convenient
15
cards
Allocatin
What is allocation,
4 econ dystems,
No central control
28
cards
Scarcity
What are the benefits of a big ec...,
What are some of the factors to c...,
What are the benefits of a small ...
17
cards
Consumption
Consumption,
Free goods andeconomicgoods,
Final goods
18
cards
Production
Production,
Inputs of production,
Outputs of production
23
cards
supply
The quantity of the goods and ser...,
Ceteris paribus,
Law of supply is proportional
44
cards
Demand
Studies economy through behavior ...,
Microeconomics central idea,
Demand to buy a good or service a...
10
cards
Gdp
Spending by household on goods an...,
The market value of all final goo...,
Spending by firms on capital good...
20
cards
Gdp
The income of a non resident fore...,
Transport equipment is the commod...,
Gdp is computed using the income ...
7
cards
Inflation
Parts of buisness cycle,
Expansion,
Peak
31
cards
Fiscal
What is monetary policy,
Collective term for the taxing sp...,
Functions of money
18
cards
agricultural sector
1
cards
Agri
Primary agriculture,
Secondans industnal,
Source of raw materials
29
cards
indrustrial
2
cards
industrial
# ``````,
A prossess that involes capital,
1st led by because the didn t war
27
cards
services
Share in emploument,
Any proffessional senice doctor l...,
Selling of goods
19
cards
Foreign
Can produce a product more effici...,
Least opp cost,
Comparative who
16
cards
More about
econonmics
- Class purpose General learning
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