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Economics Year 10

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

By: Mitchell Sammut
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Decks in this class (8)

General Terms & Conditions
Define economics,
What conditions are needed for ec...,
What economics decisions are needed
14  cards
Resources
How are scarce resources allocated,
What are free goods,
What are economic goods
36  cards
Demand
What is demand,
What is the definition of demand,
What is willing and able
7  cards
Supply
What is the definition of supply,
What is a supply schedule,
What is a supply curve
5  cards
The Market
What is the definition of a market,
What is market equilibrium,
How can goods or services be exch...
6  cards
Business Structures
What are 2 advantages of a sole t...,
What are 2 advantages of a partne...,
What are 2 advantages of a company
8  cards
Fair Trading Act
What does the fair trading act cover,
What does the fair trading act no...,
What does the fair trading act pr...
11  cards
Consumer Guarantees Act
What is one a right of a consumer,
What is one a right of a producer,
What are 3 obligations of a consumer
15  cards

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Economics Year 10

  • Class purpose General learning

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