This class was created by Brainscape user Gabe McAlinden. Visit their profile to learn more about the creator.

Decks in this class (22)

How Does Economic Change Effect Businesses
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20  cards
Demand
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15  cards
Supply
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6  cards
The Invisible Hand
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6  cards
The Price Mechanism
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9  cards
Resource scarcity
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9  cards
Opportunity cost
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2  cards
The economic problem
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8  cards
The tragedy of the commons
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4  cards
Business objectives
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23  cards
Businesses and corporate social responsibility
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18  cards
Stakeholders
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12  cards
Creative destruction
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6  cards
Specialisation and division of labour
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6  cards
Factors of production
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12  cards
Price elasticity of demand (PED)
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25  cards
Income elasticity of demand
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16  cards
Pricing strategies
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19  cards
Non-price competition
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5  cards
How do firms compete?
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30  cards
Market failure
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16  cards
What is market failure
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10  cards

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microeconomics

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