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Get Chipped
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Decks in this class (15)
Subject Vocabulary
External economies of scale,
Bulk buying,
Internal economies of scale
105
cards
The Market System
Most important thing for humans,
What is economics,
What are the basic needs
22
cards
Economic Assumptions
What are economic assumptions,
Economists opinions on individuals,
What do economists use to predict...
9
cards
Demand Curve
What is demand curve,
How does a demand curve look like,
What relationship does price and ...
7
cards
Factors That May Shift The Demand Curve
6 factors that causes the shifts ...,
Tell how a demand curve shift acc...,
Tell how a demand curve shift acc...
8
cards
Supply Curve
What is a supply curve,
How s the relationship between th...,
How does a supply curve looks like
5
cards
Factors That May Shift The Supply Curve
5 factors on a shift of supply curve,
How does the supply curve gets af...,
How does the supply curve gets af...
7
cards
Market Equilibrium
What is an equilibrium,
How do we call equilibrium price ...,
What is the upper part of equilib...
6
cards
Price Elasticity Of Demand
What is price elasticity of demand,
Formula for ped,
Default answer for ped
16
cards
Price Elasticity Of Supply
What is price elasticity of supply,
Price elasticity of supply formula,
How many types of pes are there
13
cards
Income Elasticity Of Demand
What s the formula for yed,
What type of goods does the posit...,
What type of goods does the negat...
6
cards
Externalities
What are external costs,
What are external benefits,
How does education benefits third...
18
cards
The Factors Of Production and Sectors Of The Economy
1
cards
Monopoly
What is a monoply,
How many features are there in mo...,
3
cards
16-21
Costs,
Fixed costs,
Variable costs
18
cards
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Economics
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