Economics Theme 2

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

Decks in this class (14)

Globalisation
What is globalisation,
What five factors allow globalisa...,
What is an open economy and how d...
7  cards
The digital economy
What is the fastest growing retai...,
How many adults used the internet...,
What are three sources of market ...
7  cards
Productivity and utilisation
What is productivity,
How can productivity be measured,
What are the benefits of increase...
18  cards
Production
What is productivity,
What is lean production,
What are the four methods of lean...
9  cards
Unemployment
What are the 6 types of unemployment,
What is occupational immobility,
What is geographical immobility
9  cards
Inflation
What is inflation,
What is disinflation,
What is deflation
3  cards
Calculations
Ped price elasticity of demand,
Yed income elasticity of demand,
Labour productivity
5  cards
Market Failure
What is market failure,
What are negative externalities c...,
What are positive externalities c...
10  cards
PED and YED
What does ped tell us,
How is ped calculated,
How many decimal places must ped ...
18  cards
Pricing to Compete
What are the 6 pricing strategies,
What determines which pricing str...,
What is penetration pricing
33  cards
Non-Price Competition
What are 4 ways businesses can co...,
How can differentiation help busi...,
How can advertising help business...
10  cards
Production
What are the 4 methods of lean pr...,
What is cell production,
What is kaizen production
11  cards
Employment
What is employment,
What is unemployment,
What is underemployment
20  cards
Circular Flow of Income
AD and AS
29  cards

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Economics Theme 2

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