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Economics: Key Concepts and Principles by Timika Ferdinand is a document available to read on EtoBox.

What is Economics: Key Concepts and Principles about?

This document defines key economic terms and concepts including microeconomics, macroeconomics, scarcity, opportunity cost, and the three groups that make up an economy: households, firms, and governments. It describes production possibility frontiers (PPF) and how they can shift due to economic growth, new resources, population growth, or technological progress. The document also outlines factors that influence economic decisions for households, firms, and governments.

Author

Timika Ferdinand

Language

EN