2367143
Description
Mind Map by Antonio Espinoza, updated more than 1 year ago
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Created by Antonio Espinoza
over 9 years ago
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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 ?
- WHAT TO PRODUCE ?
- FUNDAMENTAL ECONOMIC
PROBLEM THAT FORCES
CONSUMER AND PRODUCER TO
USE RESOURCES WISELY
- SOCIETY CHOOSES
- SCARCITY
- UNLIMITED WANTS
- POSITIVE
- STUDIES HOW ECONOMICAL
PHENOMENA ACTUALLY OCCUR
- IT STUDIES HOW
THING ARE
- STUDIES HOW ECONOMICAL
PHENOMENA ACTUALLY OCCUR
- NORMATIVE
- STUDIES HOW THINGS
SHOULD BE
- 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 ?
- WHY NATIONAL ECONOMIES GROW ?
- BRANCH OF ECONOMICS THAT
DEALS WITH THE ECONOMY AS A
WHOLE
- MICROECONOMICS
- BRANCH OF ECONOMIC
THAT DEALS WITH THE
BEHAVIOR AND DECISIONS
MAKING BY SMALL UNITS
- BRANCH OF ECONOMIC
THAT DEALS WITH THE
BEHAVIOR AND DECISIONS
MAKING BY SMALL UNITS
- CONCEPTS
- MASLOW
- NEEDS
- SOMETHING YOU HAVE TO HAVE
- SOMETHING YOU HAVE TO HAVE
- WANTS
- SOMETHING YOU WOULD LIKE TO HAVE
- SOMETHING YOU WOULD LIKE TO HAVE
- NEEDS
- GOODS
- TYPE OF A PRODUCT THAT
HAS THE CAPACITY TO
SATISFY DIRECTLY OR
INDIRECTLY HUMAN WANTS
- SUBSTITUTE
- MARGARINE AND BUTTER
- MARGARINE AND BUTTER
- COMPLEMENTARY
- MILK AND CEREAL
- 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)
- 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
- IF ONE PERSON USE IT
NOTHING CAN STOP THAT
OTHER ONE USE IT TO
- CAN BE CONSUMED BY
EVERYBODY OR NOBODY
IN A SOCIETY AT ALL
- PRIVATE
- REDUCTION OF AVAILABILITY OF GOODS
FOR CONSUMPTION BY OTHERS
- EXCLUDABLE
- RIVAL IN NATURE
- REDUCTION OF AVAILABILITY OF GOODS
FOR CONSUMPTION BY OTHERS
- DURABLE (A CAR)
- NON-DURABLE
(GASOLINE)
- INFERIOR GOOD
(A CHEVY)
- NORMAL
GOODS (A
FOCUS)
- TYPE OF A PRODUCT THAT
HAS THE CAPACITY TO
SATISFY DIRECTLY OR
INDIRECTLY HUMAN WANTS
- 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
- INTANGIBLE
- USED TO DESCRIBE THE SALE OS
AN ACTIVITY THAT SOMEONE
DOES (HAIRCUT)
- MASLOW
- 3 ECONOMICS QUESTIONS
- WHAT GOODS SHALL
WE PRODUCE ?
- HOW SHALL THESE GOODS
BE PRODUCED ?
- FOR WHOM SHALL THE GOODS
BE PRODUCED ?
- WHAT GOODS SHALL
WE PRODUCE ?
- VALUE
- USE
- CHANGE
- HOW MUCH A DESIRED OBJECT OR CONDITION
WORTH RELATIVE TO OTHER OBJECTS OR
CONDITIONS
- USE
- PRICE
- MECHANISM OF
EXCHANGE
- IMPORTANT VALUE FUNTIONS
- BUYER
- REVEALS WHAT HE IS WILLING TO
PAY FOR A CERTAIN AMOUNT OF
GOOD
- REVEALS WHAT HE IS WILLING TO
PAY FOR A CERTAIN AMOUNT OF
GOOD
- SELLER
- REVEALS WHAT IT COSTS HIM
TO GIVE UP THE GOOD
- REVEALS WHAT IT COSTS HIM
TO GIVE UP THE GOOD
- BUYER
- MECHANISM OF
EXCHANGE
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