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Economics Year 10

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

By: Karina Ogorodnikova
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Decks in this class (11)

Economic Problem
What are goods 1,
What are services 2,
Examples of goods and services 3
22  cards
Economic Assumptions
What is an irrational 1,
What is an assumption 2,
What is a rational 3
12  cards
1.1.3 Demand, Supply & Market Equilibrium
What is demand 1,
Where the demand is going in grap...,
When the demand increases 3
37  cards
1.1.6 Externalities
What is the merit good is 1,
What is the formula of social ben...,
What does externalities means 3
5  cards
1.2.3 Revenue, Costs & Profits
Formula of profit loss 1,
Formula of sales revenue 2,
Formula of total costs 3
9  cards
Business Competition
How market structures relate to t...,
What is a perfectly competition m...,
What are price takers 3
33  cards
1.2.5 The Labour Market
Who provides the supply and deman...,
What are 3 factors affecting the ...,
What are 3 factors affecting the ...
24  cards
Inflation
What is inflation 1,
What is a deflation 2
2  cards
Macroeconomics Objectives - 2.1.1
Definition of economic growth 1,
What is an economic activity 2,
What measure economic growth 3
11  cards
Labour Mobility
Labour mobility 1,
Geographically mobile 2,
Occupationally mobile 3
6  cards
1.1.4 Elasticity
Price elasticity of demand ped 1,
Formula of ped 2,
Price elastic 3
6  cards

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Economics Year 10

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