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AQA Micro Key Terms

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

By: Lisa Nyabasa
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Decks in this class (8)

1) Economic Methodology & The Economic Problem
What is a normative statement 1,
What is a positive statement 2,
What is the central purpose of ec...
23  cards
Indiviudual Economic Decision Making
What is rational behaviour 1,
What is utility 2,
What is marginal utility 3
20  cards
Price Determination In A Competitive Market
What does the demand curve show 1,
What are reasons for change in de...,
What is price elasticity of deman...
26  cards
Production, Costs & Revenue
What is a productivity gap 1,
What is productivity 2,
What is labour productivity 3
42  cards
Perfect Competition, Imperfectly Competitive Markets And Monopoly
What are the characteristics of a...,
Examples of perfectly competitive...,
Why do perfectly competitive mark...
27  cards
The Labour Market
What kind of demand is the demand...,
What is the marginal physical pro...,
What is marginal revenue product ...
19  cards
The Distribution Of Income & Wealth: Poverty & Inequality
What is income 1,
What is wealth 2,
The distribution of wealth in the...
24  cards
The Market Mechanism, Market Failure & Government Intervention In Markets
0  cards

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AQA Micro Key Terms

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