This class was created by Brainscape user Erin Anders. Visit their profile to learn more about the creator.
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Erin Anders
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Decks in this class (9)
Macro Economics
Why do we need to make choices,
What is the definition of economics,
What are the factors of production
11
cards
Scarcity
What is the basic economic problem,
What is scarcity,
What is absolute scarcity
8
cards
Economic processes
What is the economic cycle,
What is the aim of economic activity,
What is production
13
cards
Business sectors
What is the public sector,
What is the private sector,
What is the formal sector
20
cards
The circular flow
What is the circular flow model,
What are households,
What are the businesses
15
cards
GDP
What does gdp stand for,
What does gdp measure,
What is real gdp
13
cards
Business Cycle
What is the business cycle,
What is an upswing expantion,
What is a downswing contraction
33
cards
Markets
What are the 2 types of markets,
What does it take to be a market,
What is value
19
cards
Private Secetor
Definition of government interven...,
Definition of emplyment subsidies,
Definition of subsidies
29
cards
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Economics Gr.10
- Class purpose General learning
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