(Effective) Demand

Capital goods

Ceteris paribus

Choice

Complements in production

Consumer goods

Diminishing marginal utility

Economics

Explicit costs

Factors of Demand
(PIRATES)

P of Pirates

I of PIRATES

R of PIRATES

A of PIRATES

T of PIRATES

E of PIRATES

S of PIRATES

Factors of production
(CELL)

C of Cell

E of CELL

L of CELL

L of CELL

Free goods

Free Market System

Goods

Implicit costs

Income effect

Inferior good
(demand)

Law of demand

Law of diminishing returns

Law of increasing opportunity costs

Law of supply

Market

Market Equilibrium

Market Forces

Mixed Economies

Needs

Normal good (demand)

Opportunity Cost

Planned economy

PPC

Price mechanism

Private sector

Public sector

Quantity demanded

Resources

Scarcity

Services

Substitutes in production

Substitution effect

Supply

Supply shifters
(TIGRESS)

T of TIGRESS

I of TIGRESS

G of TIGRESS

R of TIGRESS

E of TIGRESS

S of TIGRESS

S of TIGRESS

Universal inputs

Unrelated good
(demand)

Wants