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what is economics

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a brief view of economics
wasgigi0506
Mapa Mental por wasgigi0506, actualizado hace más de 1 año
wasgigi0506
Creado por wasgigi0506 hace más de 9 años
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Resumen del Recurso

what is economics
  1. scarcity and individual choice
    1. individuals faced a scarcity of
      1. time
        1. spending power
          1. facing this there is opportunity cost
            1. explicit cost
              1. dollar actually paid
              2. implicit cost
                1. the value of something sacrificed
          2. scarcity and social choice
            1. resources
              1. Labor
                1. capital
                  1. physical capital
                    1. human capital
                    2. Land
                      1. entrepreneurship
                    3. The world of economics
                      1. microeconomics
                        1. macroeconomics
                          1. positive economics
                            1. study of how economics work
                            2. normative economics
                              1. way to solve economics problem
                            3. why study economics
                              1. the methods of economics
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