Economics Year 12 Theme 1

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

Flashcard maker: Rebecca Brittain

Decks in this class (12)

KT1: 1.1.1 The Economic Problem
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6  cards
KT2: 1.1.2 Business objectives, 1.2.1 Role of an entrepreneur
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0  cards
KT 3: 1.2.3 Factors of production, 1.3.1 Demand, 1.3.2 Supply
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14  cards
KT4: 1.2.2 Entrepreneurial motives, 1.1.3 Stakeholders and objectives
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0  cards
KT5: 1.3.3 Price Determination, 1.3.4 Price Mechanism
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18  cards
KT6: 1.2.4 Specialisation, 1.3.5 Understanding the consumer
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0  cards
KT7: 1.3.6 The competition, 1.6.1 Revenue and costs
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6  cards
KT8: 1.4.2 Risk and liability, 1.4.3 Types and sources of credit and the impact of credit within the economy
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0  cards
KT9: 1.6.2 The relationship between revenue and costs, 1.6.3 Profit and loss
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0  cards
KT10: 1.4.1 Role of banks in the economy, 1.2.5 The wider economic environment
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0  cards
KKT11: 1.6.4 Business survival and cash flow, 2.2.1 Price Elasticity of Demand
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0  cards
KT12: 1.5.1 Market failure and externalities, 1.5.2 Government intervention and failure
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0  cards

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Economics Year 12 Theme 1

  • Class purpose General learning

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