Flashcards on "The Economic Problem" key terms. , created by aimiliaeirinix on 06/09/2014.
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Created by aimiliaeirinix
almost 10 years ago
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Close
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Created by aimiliaeirinix
almost 10 years ago
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Needs
Wants
Land
Labour
Capital
Enterprise/ Entrepreneurship
Factors of production
Scarcity
Oppurtunity cost
Free goods
Economic goods
Command (or planned) economy
Free market economy
Mixed economy
Production possibility curve
Value judgement
Positive statement
Normative statement
