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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 (20)

Demand
State the law of demand 1,
State the 2 reasons of the invers...,
Definition of effective demand 3
15  cards
Supply
Definition of suppy 1,
Law of supply 2,
Change in quantity supplied 3
9  cards
Equilibrium Price
Surplus excess supply 1,
Shortage excess demand 2,
Equilibrium price 3
6  cards
PED
Definition of ped 1,
Ped formula 2,
Elastic demand 3
11  cards
PES
Definition of pes 1,
Pes formula 2,
Perfectly inelastic supply 3
8  cards
Market Failure
Characteristics of market economy...,
Benefits of market economy 3 2,
Definition of market failure 3
17  cards
Money
What is trade 1,
Why do people countries trade 2,
Specialization definition 3
11  cards
Banking
Commercial banks 1,
Roles 6 of commercial banks 2,
Types of lending by commercial ba...
8  cards
Households & Spending
Gross income 1,
Disposable income 2,
Nominal income 3
5  cards
Occupations and Earning
Factors that influence choice of ...,
Wages salaries are made up of 4 d...,
Job satisfactions 3 3
7  cards
Labour Market
Factors affect demand for labour 4 1,
Supply of labour 2,
Market wage 3
13  cards
Trade Union
Trade union definition 1,
Advantages of the trade union 4 2,
Collective action going on strike 3
3  cards
Spending, Saving, Borrowing
Reasons for consumption spending 2 1,
Conspicuous consumption definition 2,
In order to consume people need 3
21  cards
Demand for FOP
Labour intensive production 1,
Capital intensive production 2,
Production 3
9  cards
Revenue and Profit
Costs definition 1,
Total cost tc 2,
Total fixed cost tfc 3
22  cards
Size of firms
Number of employees 1,
Size of firms 4 2,
Market share formula 3
29  cards
Role of govt (macroeconomics)
Economic objectives of every govt...,
Govt is a producer of 2,
Govt is an institute that control...
5  cards
Economic growth
Economic growth definition 1,
Output definition 2,
National income 3
13  cards
Unemployment
Unemployment definition 1,
Labour force definition 2,
Unemployment rate definition 3
10  cards
Inflation
Inflation definition 1,
Monetary inflation definition 2
2  cards

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Economics Grade 9

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