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Economics Theme 1 (Markets, Consumers & Firms)

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

By: Emily Donnelly
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Decks in this class (5)

1.1 (Scarcity, Choice & Potential Conflicts)
What is scarcity,
What is the economic problem,
What is opportunity cost
46  cards
1.2 (Enterprise, Business & The Economy)
Name the 4 factors of production,
What is creative destruction what...,
Examples of creative destruction ...
43  cards
1.3 (Introducing the market)
What is demand,
What happens to the demand curve ...,
What happens to the demand curve ...
66  cards
1.4 (Role of Credit in the Economy)
141 what are the functions of banks,
What is credit how does credit he...,
What do banks rely on what must t...
26  cards
1.6 (Revenue, Costs, Profits & Cash)
What are fixed and variable costs...,
How to calculate sales volume wha...,
What are the 4 categories of cost
29  cards

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Economics Theme 1 (Markets, Consumers & Firms)

  • Class purpose General learning

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