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Rayan Pesnani
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Decks in this class (22)
1.1 Main Economic Groups and factors and production
Consumer,
Producer,
Good
15
cards
1.2 The basic economic problem
Need,
Want,
Economic problem
11
cards
2.1 The role of markets
Market,
An economy in which scarce resour...,
Examples of markets 4
25
cards
2.2 Demand
Demand,
Law of demand,
What was do demand curves slope
22
cards
2.3 Supply
Supply,
Law of supply,
Why is the law of supply a thing
24
cards
2.4 Price
Price,
Does price worth,
What is the difference between pr...
16
cards
2.5 Competition
Competition,
What are the to different forms o...,
What are the characteristics of a...
24
cards
2.6 Production
What is profit,
What is the role of a producer,
Why are producers important in th...
40
cards
2.7 The labour market
What is the labour market,
What are wages in reference to wo...,
How are wages mainly decidedwhat ...
20
cards
2.8 The role of money and financial markets
What is money,
What is an example of something t...,
What is a debit card
21
cards
3.1 Economic growth
What is economic growth,
What is gdp,
Gdp per capita
17
cards
3.2 Low unemployment
Unemployment,
Employment,
How is unemployment measured in t...
15
cards
3.3 Fair distribution of income
Distribution of income,
Income,
Wealth
12
cards
3.4 Price Stability
Cost of living,
Inflation,
Price stability
16
cards
3.5 Fiscal policy
What is government spending,
What things does the government s...,
What are the sources of governmen...
29
cards
3.6 Monetary Policy
Monetary policy,
What is the major objective of mo...,
What are the 4 main aims of monet...
12
cards
3.7 Supply-side Policy
Supply side policy,
Give 6 supply side policies,
How does education and training l...
11
cards
3.8 Limitations of Markets
Externality,
Negative externality,
Positive externality
20
cards
4.1 Importance of international trade
Export,
Import,
International trade
8
cards
4.2 Balance of payments
Balance of payments,
Current account,
Income flows
17
cards
4.3 Exchange rates
Currency,
Exchange rate,
How are exchange rates set
14
cards
4.4 Globalisation
Globalisation,
What are the driving forces of gl...,
How does international trade incr...
19
cards
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economics
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