This class was created by Brainscape user Will Poulten. Visit their profile to learn more about the creator.
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Will Poulten
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Decks in this class (5)
ECONOMIC PROBLEM- MICROECONOMICS- 01,02,03,
Normative statement,
Positive statement,
Purpose of economic activity
20
cards
PRICE DETERMINATION + COMPETITIVE MARKETS- MICROECONOMICS
Equilibrium price,
Supply,
Demand
19
cards
PRODUCTION COST + REVENUE- MICROECONOMICS
Production,
Short run production,
Long run production
21
cards
COMPETITIVE + CONENTRATED MARKETS- MICROECONOMICS
Price taker,
Price maker
17
cards
MARKET MECHANISM, FAILURE + GOV INTERVENTION- MICROECONOMICS
Signalling function,
Allocative function,
Incentive function
22
cards
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Micro-Economics
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