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MICROECONOMICS

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

By: Zenab Sohail
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Decks in this class (6)

1.1 Scarcity And Choice
Define scarcity,
What is the fundamental economic ...,
What is opportunity cost
47  cards
1.5 Market Equilibrium And Price System
Define market equilibrium,
How can you identify market equil...,
What do natural forces do in a fr...
58  cards
1.4 Nature Of Supply
Define what a firm is,
Define a supply curve,
Define a competitive market
20  cards
1.3 Nature Of Demand
Define demand,
What is the difference between in...,
Define derived demand
42  cards
1.2 The Co Ordination Problem
Define resource allocation,
How is resource allocation done i...,
Why does the market economy rely ...
20  cards
YEAR 2 BUSINESS OBJECTIVES
What is an important objective fo...,
What is profit,
When does a firm break even
11  cards

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MICROECONOMICS

  • Class purpose General learning

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