This class was created by Brainscape user Jean Wolmarans. Visit their profile to learn more about the creator.
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Jean Wolmarans
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Decks in this class (13)
chapter 1 business
What are the financial aims and o...,
What are the non financial aims a...,
Why do business aims and objectiv...
9
cards
economics macro unemployment
What is the definition of economi...,
How is economic growth measured 2,
What are the limitations of gdp a...
28
cards
economic problem
What is the problem of scarcity 1,
What is opportunity cost 2,
What does a production possibilit...
8
cards
economic assumption
What are the underlying assumptio...,
What are the underlying assumptio...,
Name a reason why consumers may n...
8
cards
Chapter 2 business
Sole trader 1,
Unlimited liability 2,
Private limited company ltd 3
20
cards
Business chapter 3
What is the primary purpose of a ...,
What is a revenue stream 2,
Give two examples of business cos...
20
cards
market equilibrium
What is the definition of demand 1,
What does a demand curve diagram ...,
List factors that may cause a shi...
25
cards
1.1.5 mixed economy
What is a mixed economy 1,
What is the difference between th...,
How do public and private sectors...
15
cards
1.1.6 externalities
What is the formula for social be...,
What is the formula for social co...,
Give two examples of external ben...
6
cards
1.1.7 business costs
What are the four factors of prod...,
What is land as a factor of produ...,
What is labour as a factor of pro...
10
cards
1.2.4 business competition
What are the advantages of compet...,
What are two advantages of being ...,
What are two factors that help fi...
12
cards
1.2.5
What is derived demand in the con...,
Name one factor that can act as a...,
Name two factors that affect the ...
10
cards
Government intervention 1.2.6
How can the government deal with ...,
How does a government encourage p...,
What is the main goal of governme...
6
cards
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