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Economics Grade 9

This class was created by Brainscape user nehana priyan. Visit their profile to learn more about the creator.

By: nehana priyan
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Decks in this class (16)

Demand
State the law of demand,
State the 2 reasons of the invers...,
Definition of demand
15  cards
Supply
Definition of suppy,
Law of supply,
Change in quantity supplied
9  cards
Equilibrium Price
Surplus excess supply,
Shortage excess demand,
Equilibrium price
6  cards
PED
Definition of ped,
Ped formula,
Elastic demand
11  cards
PES
Definition of pes,
Pes formula,
Perfectly inelastic
8  cards
Market Failure
Characteristics of market economy 5,
Benefits of market economy 3,
Definition of market failure
17  cards
Money
What is trade,
Why do people countries trade,
Specialization definition
11  cards
Banking
Commercial banks,
Roles 6 of commercial banks,
Types of lending by commercial ba...
8  cards
Households & Spending
Gross income,
Disposable income,
Nominal income
5  cards
Occupations and Earning
Factors that influence choice of ...,
Wages salaries are made up of 4 d...,
Job satisfactions 3
7  cards
Labour Market
Factors affect demand for labour,
Supply of labour,
Market wage
13  cards
Trade Union
Trade union definition,
Advantages of the trade union 4,
Collective action going on strike
3  cards
Spending, Saving, Borrowing
Reasons for consumption spending 2,
Conspicuous consumption definition,
In order to consume people need
21  cards
Demand for FOP
Labour intensive production,
Capital intensive production,
Production
9  cards
Revenue and Profit
Costs definition,
Total cost tc,
Total fixed cost tfc
22  cards
Size of firms
Number of employees,
Size of firms 4,
Market share
29  cards

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Economics Grade 9

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