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Economics Paper 1

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

By: Ridwana Ahmed
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Decks in this class (16)

Economy
When does an economy begin,
What are primary industries,
What are secondary industries
10  cards
Specialisation and competition
Benefit of specialisation for the...,
Benefits of specialisation for th...,
Why is there competiton
14  cards
E11
Demand,
Opportunity cost,
Supply
15  cards
E12
Labour,
Human capital,
Enterprise
12  cards
E113
Specific tax,
Ad valorem tax,
Subsidy
8  cards
Monopoly
How to firms achieve monopoly power,
How does merger and takeover help...,
How does statutory monopoly help ...
8  cards
E14
Monopoly power,
Oligopoly,
Natural monopolies
10  cards
E15
Integration,
Backward vertical integration,
Horizontal integration
7  cards
E16
Wages,
Salary,
Gross income
6  cards
Supply &PES
Why does a supply curve slope upw...,
What are movements along the supp...,
Why does higher prices supply exp...
17  cards
Growth
Why does a firm chooses to grow,
How do firms grow,
What is internal growth
8  cards
Determination of price
When will the equilibrium change,
When is there contraction and ext...,
What will a specific tax shift th...
11  cards
Demand
Contraction of demand,
Extension of demand,
Factors thar cause demand curve t...
18  cards
Cost, Revenue And Profit
What are businesses objectives,
What would objectives for a small...,
What are business objectives for ...
9  cards
E17
Contraction of demand,
Extension of demand,
Ped
10  cards
Wages And NLW
How to work out wage,
What are sone deductions that are...,
How to work out net income
13  cards

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Economics Paper 1

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