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economics micro

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

By: Eesha Raikundalia
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Decks in this class (5)

3.1
What are positive statements,
What are normative statements,
What is the central purpose of ec...
10  cards
3.2
What is the definition of demand,
Factors that influence consumers ...,
Factors that shift demand
34  cards
3.3 Production, costs and revenue
How can productivity be improved,
What is productivity,
Why is specialisation good
18  cards
3.4 Competitive and Concentrated Markets
4 types of market structures,
What does a monopoly mean,
What should the conditions of a m...
43  cards
3.5 The market mechanism, market failure and government intervention in markets
What are the price mechanism mark...,
Free market,
What is market failure
42  cards

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economics micro

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