Economic Problem

Mer som dette

Regulatory center of Emergency and Disasters

Ved gina ospina

key terms of term # 3

Ved nadra imtiaz

Chapter 3 National Income

Ved Remek Debski

AudioVideo

Ved Sofia Rincon

Economic Problem

Economic Coordination

Circular flows in the market economy

Property Rights

Money

Markets

Companies

Economic growth

cost of economic growth

Marginal cost

Cost of producing an additional unit of the same

Production possibility frontier (PPF)

Opportunity cost -> Sacrifice of a product

Through PPF ->Swap

Around PPF->Optimal

Out PPF ->Unattainable

Inside PPF->Attainable