VWL - Economics
Mankiw Studium Wirtschaftsrecht
Mankiw Studium Wirtschaftsrecht
25
0.0 (0)
Kartei Details
| Karten | 25 |
|---|---|
| Sprache | Deutsch |
| Kategorie | VWL |
| Stufe | Universität |
| Erstellt / Aktualisiert | 22.02.2019 / 22.02.2019 |
| Lizenzierung | Keine Angabe (Economics N. Gregory Mankiw and Mark P Taylor) |
| Weblink |
https://card2brain.ch/box/20190222_vwl_economics
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| Einbinden |
<iframe src="https://card2brain.ch/box/20190222_vwl_economics/embed" width="780" height="150" scrolling="no" frameborder="0"></iframe>
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economic activity
how much buying and selling goes on in the economiy over a period of time
economy
all the production and exchange activities that take place
scarcity
the limited nature of society's resources
economics
the study of how society manages its scarce resources
efficiency
Ways in which the society can get as much as it can (size of economic cake)
equity
the extent to which the benefit of outcomes can are distributed fairly (how the cake is divided)
opportunity cost
whatever must be given up to optain sone item; the value of the benefits foregone (sacrificed)
margical changes
small incremental adjustments to a plan of action
