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771740
Introducing Economics
Descrição
Mapa Mental sobre Introducing Economics, criado por sarahsing em 20-04-2014.
Sem etiquetas
economics
as
a level
as level
ocr
markets in action
factors of production
markets
production possibility curve
ppc
Mapa Mental por
sarahsing
, atualizado more than 1 year ago
Mais
Menos
Criado por
sarahsing
mais de 10 anos atrás
155
8
0
Resumo de Recurso
Introducing Economics
The Economic Problem
Scarcity
Unlimited Wants
Limited Resources
Choices
Opportunity Cost
Next best alternative
The Coordination Problem
Market Economy
Market Forces
Centrally Planned Economy
State allocation
Mixed Economy
Price Signals
Government direction
Factors of Production
Labour
Human Resource
Land
Natural Resources
Raw Materials
Renewables
Forests
Non-renewables
Oil
Coal
Capital
Produced Resources
Stock of past production
Aid current production
Factory Buildings
Transport Equipment
Machinery
Entrepreneurship
Human Resource
Organises production
Identifies projects
Bears risk
Models and Assumptions
Model
Simplified respresentation
Production Possibility Curve
Curve
Maximum Combinations
Given time
Allocated resources
On the PPC
Full use
Efficient
In the PPC
Unemployment
Inefficient
Beyond the PPC
Unattainable
Specialisation
Adam Smith
Division of Labour
More Productive
Specialising
Stages
Greater possibility of trade
Gains
Differences
Opportunity Cost
Markets
Arrangements
Allow Transactions
Money and Exchange
Barter Economy
Inefficient
Importance of Money
Money
Medium of Exchange
Store of Valiue
Unit of Account
Deferred Payment
Microeconomics and Macroeconomics
Microeconomics
Individual decisions
Consumers
Producers
Macroeconmics
Interactions
Economic Variables
Aggregate
Positive and Normative Statements
Positive Statements
What is
Normative Statements
What ought to be
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