Basic Economic Concepts 0.0 / 5 ? EconomicsBasic Economic ConceptsGCSEOCR Created by: HUNGRYWOLF357Created on: 02-03-20 15:40 INTERNATIONAL TRADE GLOBALISATION 1 of 12 THE NEXT BEST ALTERNATIVE FORGONE WHEN MAKING AN ECONOMIC DECISION OPPORTUNITYCOST 2 of 12 THE C IN CELL CAPITAL 3 of 12 ______ RESCOURCES, UNLIMITED WANTS SCARCE 4 of 12 THE E IN CELL ENTERPPRISE 5 of 12 THE FIRST L IN CELL LAND 6 of 12 THE SECOND L IN CELL LABOUR 7 of 12 THE POPULATION OF PEOPLE THAT WORK EMPLOYED 8 of 12 THE POPULATION OF PEOPLE WHO DON'T WORK UNEMPLOYED 9 of 12 A PLACE WHERE BUYERS AND SELLERS COME TOGETHER MARKET 10 of 12 AN INCREASE IN GDP ECONOMICGROWTH 11 of 12 WHEN PRODUCERS, REGIONS AND COUNTRIES FOCUS ON PRODUCING THOSE GOODS THAT THEY'RE BEST AT PRODUCING SPEIALISATION 12 of 12
Comments
No comments have yet been made