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The Economic Objectives of Individuals, Firms and Governments

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A Levels (Unit 1, 1 The Economic problem) Economics Mapa Mental sobre The Economic Objectives of Individuals, Firms and Governments, creado por beth2384 el 26/10/2013.
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Mapa Mental por beth2384, actualizado hace más de 1 año
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Creado por beth2384 hace casi 11 años
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Resumen del Recurso

The Economic Objectives of Individuals, Firms and Governments
  1. PROFIT= REVENUE-COST
    1. INDIVIDUALS
      1. want to maximise UTILITY (satisfaction)
      2. FIRMS
        1. want to maximise PROFIT
        2. GOVERNMENTS
          1. want to maximise PRODUCTION
            1. in order to create WEALTH
            2. may also want to maximise EQUITY (fairness)
              1. through the DISTRIBUTION OF WEALTH
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