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Hasan Anjum
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Decks in this class (20)
The Economc Problem
What are goods,
What does it mean to be finite,
What is a fertile soil
24
cards
Economic assumptions
What are variables,
What are assumptions,
Define irrational
16
cards
Factors that may shift the demand curve
What is disposable income,
What are inferior goods,
What are normal goods
11
cards
Demand Curve
What is a demand curve,
Whats a demand schedule,
What does the term effective dema...
8
cards
Supply Curve
What is supply,
What is a supply curve,
What is per annum
8
cards
Factors that may shift the Supply Curve
What are factors that may shift t...,
What does it mean to be volatile,
What are ventures
15
cards
Market equilibrium
Whats government intervention,
Whats an equilibrium price,
Whats a market clearing price
10
cards
Price elasticity of demand (PED)
What is the price elasticity of d...,
Inelastic demand change in price ...,
What is elastic demand
13
cards
Price elasticity of Supply (PES)
What s a fast moving consumer goo...,
What is price elasticity of supply,
What is inelastic supply
17
cards
Income Elasticity
Define income elasticity of demand,
Whats discretionary expenditure,
What is excise duty
17
cards
Mixed Economy
Whats an economy,
Whats the private sector,
Whats the public sector
20
cards
Privatization
What are monopolies,
What is privatization,
What does it mean to be bankrupt
19
cards
externalities
What are spillover effects,
What are emissions,
Who are the third parties
23
cards
The factors of production and sectors of the economy
Describe one reason why a compute...,
State one example of an occupatio...,
Define the tertiary sector
3
cards
Productivity and division of labor
What is productivity,
Whats a piece rate,
What is division of labor
19
cards
Business costs, revenues and profit
What are costs,
What are fixed costs,
What are variable costs
11
cards
Diseconomies And Economies Of Scale
Define scale,
Define diseconomies of scale,
Define economies of scale
16
cards
Competitive Markets
What is competition,
What are barriers to entry,
Define product differentiation
13
cards
Advantages and disadvantages of large and small firms
Whats a niche market,
How is the size of a firm measured,
What are some disadvantages of sm...
17
cards
Monopolies
Whats a monopoly,
Whats a new entrant,
Whats a price maker where a domin...
12
cards
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Microeconomics
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