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Fatima Aissaoui
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Decks in this class (21)
1.1 Main economic groups & factors of production
What are the 3 main economic groups,
What is a consumer,
What are producers
11
cards
1.2 The basic economic problem
What is the economic problem,
What are scarce resources,
What is meant by unlimited wants
11
cards
2.1 The role of markets
What is a market,
A market can be what,
What is meant by a market economy
21
cards
2.2 Demand
What is demand,
What is derived demand,
What is the law of demand
32
cards
2.3 Supply
What is supply,
Explain the law of supply,
Why does the law of supply come a...
21
cards
2.5 Competition
What is meant by competition,
Why does competition take place b...,
What does competition between dif...
31
cards
2.6 Production
What are producers responsible for,
What is meant by productivity,
What is an increase in production...
19
cards
2.7 The labour market
What does the labour market consi...,
What is a labour market,
What is a trade union
13
cards
2.8 The role of money and financial markets
What is money,
What do cheques and debit cards a...,
What is the difference between a ...
29
cards
3.1 Economic growth
What is economic growth,
What is gdp,
What is the total value of output...
25
cards
3.2 Low unemployment
What is meant by employment,
What is meant by unemployment,
When does full employment occur
23
cards
3.3 Fair distribution of income
What is meant by the distribution...,
What is income,
What are the 5 types of income
25
cards
3.4 Price stability
What is price stability,
What is inflation,
What can inflation lead to
30
cards
3.5 Fiscal policy
What is meant by government spending,
What are the 4 reasons why a gov ...,
What are the 5 different types of...
54
cards
3.6 Monetary policy
What is monetary policy,
What does monetary policy use,
What is monetary policies major o...
12
cards
3.7 Supply-side policies
0
cards
3.8 Limitations of markets
0
cards
4.1 Importance of international trade
What is meant by international trade,
What are exports,
What are imports
13
cards
4.2 Balance of payments
What is meant by a balance of pay...,
What is counted as a positive entry,
What is counted as a negative entry
22
cards
4.3 Exchange rates
What is meant by exchange rate,
What determines the uk s exchange...,
Where is the exchange rate of a c...
23
cards
4.4 Globalisation
0
cards
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gcse economics
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