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Principles of Economics
> 7. Welfare and efficiency > Flashcards
7. Welfare and efficiency Flashcards
Study These Flashcards
Principles of Economics
(13 decks)
1. The core principles of economics
2. Demand- thinking like a buyer
3. Supply- thinking like a seller
4. Equilibrium: where supply meets demand
5. Measuring responsiveness
6. When governments intervene in markets
7. Welfare and efficiency
8. Gains from trade
9.
10. Externalities and public goods
11. The labour market
12.
13. Inequality, social insurance, and redistribution
