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Econ Summer
> Perfect competition > Flashcards
Perfect competition Flashcards
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Econ Summer
(32 decks)
Economics as a social science
PPF
Specialisation and division of labour
Free market, mixed and command economies
Demand
Supply
Price determination
Price mechanism
Consumer and Producer surplus
Indirect taxes and subsidies
Alternative views of consumer behaviour
Market failure
Non-provision of public goods
Information gaps
Government intervention
Economic Growth (MAC)
Inflation (MAC)
Employment and unemployment (MAC)
Balance of payments (MAC)
Aggregate demand (MAC)
Aggregate supply (MAC)
National income (MAC)
Economic growth (MAC)
Macroeconomic objectives and policies (MAC)
Revenue (new)
Costs (new)
Profit
Globalisation (MAC)
Specialisation and trade (MAC)
Trading blocs and the WTO (MAC)
Restrictions on free trade (MAC)
Perfect competition
