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Microeconomics

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

By: Hamza Anjum
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Decks in this class (12)

The Economic Problem
What are some reasons that could ...,
What are some reasons that could ...,
What are some reasons consumers m...
5  cards
Demand, Supply and Market Equilibrium
What is the equilibrium price,
What is total revenue,
How does the equilibrium price ch...
20  cards
Elasticity
What is elasticity,
What is the formula for calculati...,
What is the difference between el...
20  cards
Mixed Economy
What is market failure,
What are externalities in the con...,
What is the free rider problem
18  cards
Externalities
What are externalities,
What are some examples of positiv...,
What are some examples of negativ...
5  cards
Production
What is production,
What are the factors of production,
What is labour intensive production
7  cards
Productivity and Division of Labour
What is productivity,
What are the factors affecting pr...,
How can training improve labour p...
11  cards
Business costs, revenues, profit
What are economies of scale,
What are the advantages of econom...,
What are the disadvantages of eco...
5  cards
Business Competition
What is a monopoly,
What are the barriers to entry wh...,
What are the advantages of monopo...
18  cards
Labour market
Why does demand for labour fall a...,
What is the concept of derived de...,
How does the availability of subs...
13  cards
Government Intervention
What is the advantage of taxation...,
What is the disadvantage of taxat...,
What is the disadvantage of subsi...
17  cards
All Calculations
What is ped,
What is pes,
What is the formula for percentag...
12  cards

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Microeconomics

  • Class purpose General learning

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