ECONOMICS Flashcards
1
Q
It is the economic of individual actions/behavior
A
MICROECONOMICS
2
Q
IT IS THE ECONOMIC OF ENTIRE NATION
A
Macroeconomics
3
Q
It is the study of choices which may includes among others demand, supply that a businesses or firms make
A
Micro economics
4
Q
It is the study of effects of national economy and global economy
A
Macroeconomics
5
Q
It is the study of economic activities between nations and those activities
A
International Economics
6
Q
what are the factors of production
A
LAND: NATURAL RESOURCES
LABOR: HUMAN RESOURCES
CAPITAL: FINANCIAL RESOURCES
ENTREPRENEURSHIP
