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adam venter
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Decks in this class (6)
Basic economic concepts
Economics,
Micro economics,
Macro economics
58
cards
The circular flow
4 economic participants of the ci...,
Circular flow diagram,
Households 7
32
cards
the business cycle
Business cycle,
Two periods of business cycle,
Expansion upswing
37
cards
Dynamics of market
Perfectly competitive markets,
Imperfect market,
Utility
49
cards
Public sector intervntion
Allocative efficiency,
Ad valorem tariffs,
Black market
72
cards
economic growth: wealth creation process and patterns of distribution
What is the definition of wealth,
Physical wealth,
Financial wealth
26
cards
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Economics Term 1
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