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Economics - Micro

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

By: Kateryna Synytsia
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Decks in this class (21)

Externalities
Spillover effect,
External costs,
Third parties
10  cards
Income elasticity
Income elasticity of demand,
Discretionary expenditure,
Income elasticity of demand formula
8  cards
PED
Ped,
Inelastic demand,
Elastic demand
6  cards
PES
Fast moving consumer good fmcg,
Pes,
Inelastic supply
9  cards
Demand factors
Factors that may shift the demand...,
Disposable income,
Inferior goods
8  cards
Supply factors
Factors that may cause the supply...,
Volatile,
Ventures
8  cards
Equilibrium
Government intervention,
Equilibrium price,
Market clearing price
6  cards
Economic assumption
Assumption,
Irrational,
Rational
12  cards
The mixed economy
Economy,
Private sector,
Public sector
16  cards
Privatisation
Privatization,
Monopolies,
Nationalised industries
5  cards
Business Economics
Production,
Factors of production cell,
Human capital
16  cards
Production And Division Of Labour
Job rotation,
Piece rate,
Productivity of labor formula
3  cards
Business Cost, Revenue And Profit
Fixed costs,
Costs,
Variable costs
12  cards
Economies Of Scale
Diseconomies of scale,
Economies of scale,
Internal economies of scale eos
12  cards
Competitive Markets
Competition,
Barriers to entry,
Innovative
10  cards
Large and small firms
Turnover method of measuring,
Number of employees method of mea...,
Balance sheet total method of mea...
9  cards
Monopolies
Patent,
Monopoly,
Price maker
8  cards
Oligopolies
Oligopoly,
Interdependence,
Price war
8  cards
The Labour Market
Value added,
Wage rate,
Derived demand
6  cards
Supply and Demand on Labor and Trade Unions
Inflation rate,
Trade unions,
Closed shop
5  cards
Governemt Intervention
Government intervention,
Anti competitive practices,
Subsidiaries
7  cards

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Economics - Micro

  • Class purpose General learning

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