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Economics (Micro-econ)

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

By: Harresh Sukkarnan
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Decks in this class (17)

The Basic Economic Problem
Learn all flashcards
13  cards
Economic Assumptions
When making economic decisions wh...,
What assumption do we make about ...,
What is computational weakness 3
8  cards
The Factors of Production and Sectors of the Economy
What is production 1,
Factors of production 2,
What is productivity 3
13  cards
Productivity And Division of Labour
revis
10  cards
Business Costs, Revenue and Profit
leeching mutt
8  cards
Economies and Diseconomies of Scale
What happens when the output of a...,
What are economies of scale 2,
What are internal economies of sc...
22  cards
Bussiness competition
Wallahi this deck is too long
16  cards
Monopolies and Oligopolies
What are monopolies 1,
What are features of monopolies 2,
What are the advantages of monopo...
21  cards
Government intervention
my last deck
10  cards
The Mixed Economy
its like an economy thats mixed
16  cards
Supply and Demand
What is demand 1,
What is the law of demand 2,
What happens if price is the only...
27  cards
Market eqb.
What is market equilibrium 1,
What is excess demand 2,
Excess supply 3
3  cards
Labour Markets
Define quality of labour 1,
Define quantity of labour 2,
What is the labour market made up...
17  cards
Price elasticity of demand
Define price elasticity of demand...,
What is the formula of ped 2,
What is inelastic demand 3
11  cards
Income elasticity of demand (YED)
What is income elasticity of dema...,
What is the formula for yed 2,
What is a luxury good 3
5  cards
Externalities
What is external cost 1,
How many externalities are there 2,
What is a positive externality 3
15  cards
Trade unions
What is a trade union 1,
What are the interests of workers...,
Give an example of a specific tra...
19  cards

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Economics (Micro-econ)

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