This class was created by Brainscape user Mehmet Yilmaz. Visit their profile to learn more about the creator.
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Mehmet Yilmaz
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Decks in this class (9)
1A : management of resources
What are the two types of economics,
When deciding on allocation of re...,
Define consumption and production
11
cards
2 : Specialisation
What is specialisation,
What are some advantages of speci...,
What are some disadvantages of sp...
9
cards
4 : elasticity
What is elasticity,
What are the four types of elasti...,
What is the difference between el...
5
cards
5 : elasticity and its importants to businesses
What is a rectangular hyperbola,
What is the importance of price e...,
What is the formula for profit
5
cards
6 : income elasticity ( Mr William )
Define income elasticity,
What are luxury items and why are...,
What are necessities and why are ...
6
cards
7 : cross price elasticity of demand (not fin)
What is cross elasticity of demand,
What is the formula for xed,
3
cards
9 : price elasticity of supply
How to calculate price elasticity...,
What are the factors affecting pr...,
What are some significances of pes
4
cards
10: The Labour Market & How Wage Determination
What is labour market record to,
Define labour demand,
What are the factors that influen...
6
cards
12 : Factors That Affect Flexibility In Labour Markets
What are trade unions,
What is meant by union density,
What is meant by union mark up
5
cards
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economics
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