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Economics micro

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

By: Kate Lelikova
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Decks in this class (7)

Autumn First Half Term
Command or planned economy,
Basic economic problem,
Free market economy
45  cards
Why Do Markets Fail
Externalities,
Market failure,
External costs
25  cards
Nnture Of Economics
Opportunity cost,
Scarcity,
Factors of production
16  cards
What Determines Demand In Market
Product market,
Market,
Commodity market
20  cards
What Determines Supply
Why does supply curve slope upwards,
Supply,
Causes of shifts in supply curve
10  cards
Equibrium Price/ Wage In Market
Consumer surplus,
Equilibrium,
Producer surplus
25  cards
Correction Of Market Failure
Disadvantages of indirect taxes 6,
Advantages of indirect taxes to c...,
Advantages of subsidies applied t...
15  cards

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Economics micro

  • Class purpose General learning

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