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Yr 10 Economics

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

By: Robert Palmer
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Decks in this class (8)

General Terms and Definitions
Define needs,
What happens if needs are not meet,
What are wants
12  cards
Resources
What are free goods,
What are economic goods,
How are economic goods allocated
34  cards
Demand
What is demand,
What is the definition of demand,
What is willing and able mean
7  cards
Supply
Definition of supply,
Definition of supply schedule,
Definition of supply graph
5  cards
Market
What is the definition of a market,
How can you exchange goods servic...,
What is market equilibrium
6  cards
Business Structure
What are 2 advantages of a company,
What are 2 advantages of a partne...,
What are 2 advantages of a sole t...
8  cards
Fair Trading Act
What is puffery,
What does the fair trading act cover,
What does the fair trading act no...
11  cards
Consumer Guarantees Act
Name the rights of a consumer,
Name the rights of a producer,
Name the obligations of a consumer
7  cards

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Yr 10 Economics

  • Class purpose General learning

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