Copy and Edit

Economic problem

Description

Economic problem _ there exists unlimited wants but not enough resources to provide the goods and services to satisfy peoples wants. This creates scarcity
meera.ted.2000
Mind Map by meera.ted.2000, updated more than 1 year ago
meera.ted.2000
Created by meera.ted.2000 over 9 years ago
10
0
0

Resource summary

Economic problem
  1. unlimited wants
    1. scarcity
      1. opportunity cost
    2. limited resources
      1. Factors of production
        1. land
          1. labor
            1. capital
              1. enterprise
            Show full summary Hide full summary

            Want to create your own Mind Maps for free with GoConqr? Learn more.

            Similar

            Homeostasis
            kristenfinkas
            AS Politics: Party Policies and Ideas
            yasmyncharles
            Business Studies: Marketing
            Harriet Glover
            Directional Terms
            kristenfinkas
            AQA Chemistry Unit One vegetable oils
            Natalia Cliff
            Leisure and Tourism
            Charlotte Yardy
            Les Quantites
            Kirthana Srinivasan
            Africa - Climate Change
            Alice Buchanan
            History Unit One Topic Three
            Patrick Noyau
            AQA Chemistry Unit one Metals and their uses
            Natalia Cliff
            Generating electricity
            nadine pownall
            Browse Library