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2367143
ECONOMY
Descripción
society, economics and politics
Sin etiquetas
tec
society
economics and politics
for study
ciclo general
Mapa Mental por
Antonio Espinoza
, actualizado hace más de 1 año
Más
Menos
Creado por
Antonio Espinoza
hace más de 9 años
25
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0
Resumen del Recurso
ECONOMY
STUDY HOW PEOPLE TRY TO SATISFY UNLIMITED AND COMPETING WANTS THROUG THE CAREFUL USE OF RELATIVELY SCARCE RESOURCES
UNLIMITED WANTS
SCARCITY
SOCIETY CHOOSES
WHAT TO PRODUCE ?
HOW TO PRODUCE IT ?
FOR WHOM TO PRODUCE ?
FUNDAMENTAL ECONOMIC PROBLEM THAT FORCES CONSUMER AND PRODUCER TO USE RESOURCES WISELY
POSITIVE
STUDIES HOW ECONOMICAL PHENOMENA ACTUALLY OCCUR
IT STUDIES HOW THING ARE
NORMATIVE
STUDIES HOW THINGS SHOULD BE
MACROECONOMICS
BRANCH OF ECONOMICS THAT DEALS WITH THE ECONOMY AS A WHOLE
QUESTIONS
WHY NATIONAL ECONOMIES GROW ?
WHO DO SOME GROW FASTER THAN OTHERS ?
WHY DOES A NATION EXPERIENCES INFLATION ?
WHY DOES IT GENERATE UNACCEPTABLE UNEMPLOYMENT ?
WHY DOES IT FLUCTUATE FROM PERIODS OD ECONOMIC PROSPERITY TO PERIODS OF ECONOMIC RECESSION ?
MICROECONOMICS
BRANCH OF ECONOMIC THAT DEALS WITH THE BEHAVIOR AND DECISIONS MAKING BY SMALL UNITS
CONCEPTS
MASLOW
NEEDS
SOMETHING YOU HAVE TO HAVE
WANTS
SOMETHING YOU WOULD LIKE TO HAVE
GOODS
TYPE OF A PRODUCT THAT HAS THE CAPACITY TO SATISFY DIRECTLY OR INDIRECTLY HUMAN WANTS
SUBSTITUTE
MARGARINE AND BUTTER
COMPLEMENTARY
MILK AND CEREAL
PUBLIC
CAN BE CONSUMED BY EVERYBODY OR NOBODY IN A SOCIETY AT ALL
NON-RIVAL
EVERYBODY CAN USE IT AT THE SAME TIME (AIR)
NON-EXCLUDABLE
IF ONE PERSON USE IT NOTHING CAN STOP THAT OTHER ONE USE IT TO
PRIVATE
REDUCTION OF AVAILABILITY OF GOODS FOR CONSUMPTION BY OTHERS
EXCLUDABLE
RIVAL IN NATURE
DURABLE (A CAR)
NON-DURABLE (GASOLINE)
INFERIOR GOOD (A CHEVY)
NORMAL GOODS (A FOCUS)
SERVICE
USED TO DESCRIBE THE SALE OS AN ACTIVITY THAT SOMEONE DOES (HAIRCUT)
CHARACTERISTICS
INTANGIBLE
INDIVISIBLE
ONLY CAN BE PROVIDED BY A PERSON OR GROUP OF PEOPLE WHO OFFER IT
CANNOT BE STORED
3 ECONOMICS QUESTIONS
WHAT GOODS SHALL WE PRODUCE ?
HOW SHALL THESE GOODS BE PRODUCED ?
FOR WHOM SHALL THE GOODS BE PRODUCED ?
VALUE
USE
CHANGE
HOW MUCH A DESIRED OBJECT OR CONDITION WORTH RELATIVE TO OTHER OBJECTS OR CONDITIONS
PRICE
MECHANISM OF EXCHANGE
IMPORTANT VALUE FUNTIONS
BUYER
REVEALS WHAT HE IS WILLING TO PAY FOR A CERTAIN AMOUNT OF GOOD
SELLER
REVEALS WHAT IT COSTS HIM TO GIVE UP THE GOOD
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