This class was created by Brainscape user Ruth Arnold. Visit their profile to learn more about the creator.
By:
Ruth Arnold
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Decks in this class (13)
Ch. 1 Everybody’s Economics
The study of the choices that ind...,
Any system for the production dis...,
Scholars of the production distri...
23
cards
Ch. 2 Economic laws
The general rules or principles g...,
Economic system with an aim to bu...,
The difference in value of goods ...
14
cards
Mercantilists v. Physiocrats
Animations real world is determin...,
The nations real world is deliver...,
Free trade should be encouraged a...
8
cards
Ch. 3 Factors of Production
What are the factors of production,
A system in which decisions invol...,
Hey system in which is centralize...
13
cards
Ch. 4 supply and demand
The relationship between a good s...,
The relationship between a goods ...,
Value that is directly related to...
28
cards
Ch. 5 Market economy
Signs that are used by consumers ...,
Goods that have a life expectancy...,
Goods which are expected to last ...
12
cards
Free Market v Command Economies
The interaction of demand and sup...,
Distribution of goods is decided ...,
Prices are officially determined ...
6
cards
Ch 6
A group of friends that produces ...,
A market in which there are many ...,
A firm that has no real control o...
8
cards
Ch 7
The quality of producing effectiv...,
The total amount invested in the ...,
The total amount of a good that i...
9
cards
Ch. 8
The commitment of resources to a ...,
One who borrows money or capital,
One who lends money or capital
21
cards
Ch. 9
Anything that is generally accept...,
What are the three principal purp...,
The direct exchange of one good f...
19
cards
Ch. 10 and 11
And established system a politica...,
An economic system based upon col...,
Large complex organizations made ...
12
cards
Ch. 13
Philosophy which regards the enti...,
Organization his original stated ...,
Organization originally establish...
8
cards
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Economics
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