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BARAN LANKA
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Decks in this class (19)
1.1 – Basic Economic Problem: Choice and the Allocation of Resources
What is economics 1,
What is the basic economic problem 2,
What are the factors of production 3
9
cards
2.1 – Economic Systems
What is an economy 1,
What is resource allocation 2,
What are the 3 economic systems 3
15
cards
2.2 How Markets Work
What is demand 1,
What is effective demand 2,
What does the law of demand state 3
34
cards
2.3 – Social Costs and Benefits; Market Failure
What are external costs 1,
What are external benefits 2,
What are private costs 3
8
cards
3.1 – Money and Finance
What is money 1,
Why do we need money 2,
What is the barter system 3
13
cards
3.2 – Occupations and Earnings
What are the different payment me...,
What is the time rate payment met...,
What is the piece rate payment me...
19
cards
3.3 – The Role of Trade Unions
What are trade unions 1,
What are the functions of a trade...,
What is collective bargaining 3
7
cards
3.4 – Spending, Saving and Borrowing
What is disposable income 1,
What is consumption 2,
What is consumer expenditure 3
10
cards
4.1 – Types of Business Organizations
What is a sole trader 1,
What are the advantages of sole t...,
What are the disadvantages of sol...
23
cards
4.2 – Organizing Production
What is production 1,
What is productivity 2,
What is the formula for productiv...
18
cards
4.3 – The Growth of Firms
Name the measures of firm size 1,
What are the two ways of growth 2,
What is internal growth 3
15
cards
4.4 – Competition and Monopoly
Why do firms compete 1,
What is price competition 2,
What is non price competition 3
17
cards
5.1 – Government Economic Policy
What are some functions of the go...,
What are the four macroeconomic o...,
What are the two demand side poli...
8
cards
5.2 – Taxation
What are taxes 1,
Why taxes 2,
What are progresssive taxes 3
11
cards
6.1 – Price Inflation
What is inflation 1,
How is inflation caused 2,
What is agreed as the key reason ...
8
cards
6.2 – Employment and Unemployment
What is labour force 1,
What is labour force participatio...,
What is unemployment rate 3
7
cards
6.3 – Output and Growth
What is national output 1,
What is national income 2,
What is national expenditure 3
17
cards
7.1 – Developed and less-developed economies
What does economic development me...,
What are developed countries 2,
What are under developed countries 3
8
cards
7.2 – Population
What is population 1,
What affects population 2,
Why do different countries have d...
6
cards
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Economics
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