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Econ Theme 1
> How does Economic Change affect Business? (CH7) > Flashcards
How does Economic Change affect Business? (CH7) Flashcards
Study These Flashcards
Econ Theme 1
(20 decks)
The Three Efficiencies
Interrelated Markets
Scarcity (1)
PPF Curve (2)
Business Objectives (CH 2)
Stakeholder (CH 3)
Entrepeneurs Role (CH 4)
Why start a Business? (CH 5)
Market Equalibrium (5)
Specialisation (CH6)
How does Economic Change affect Business? (CH7)
Demand (CH 8)
Supply (CH 9)
Consumer and Producer Surplus
Price Elasticity of Demand (PED) (10)
Price Mechanism (CH11)
Understanding Consumers (CH 12)
How do Firms Compete (CH13)
Role of Banks? (CH14)
Price Elasticity of Supply (PES) (12)
