Flashcards of Economics terms

Descrição

This is where all the definitions of all economics terms I come across will be stored.
2015jtw
FlashCards por 2015jtw, atualizado more than 1 year ago
2015jtw
Criado por 2015jtw aproximadamente 9 anos atrás
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Resumo de Recurso

Questão Responda
Economics The study of people and their economic decisions and interactions with one another.
Opportunity cost The loss of other alternatives when one alternative is chosen. Simply put, it is whatever you have to give up to do something.
Scarcity The conflict between infinite desires and finite resources. As a result, choices must be made about how to allocate resources.
Economic Incentives

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