Economics Theme 1+3 So far

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  • Created by: LouLouC
  • Created on: 18-03-17 15:17
What causes a shift of the PPF?
An increase or decrease in the quality and quantity of resources
1 of 5
What are capital goods?
Goods required to produce other goods
2 of 5
What are consumer goods?
Goods that give utility to consumers
3 of 5
What are renewable resources?
Resources whose stock levels can be maintained at a certain level
4 of 5
What are non renewable resources?
Those that will eventually be completely depleted
5 of 5

Other cards in this set

Card 2

Front

What are capital goods?

Back

Goods required to produce other goods

Card 3

Front

What are consumer goods?

Back

Preview of the front of card 3

Card 4

Front

What are renewable resources?

Back

Preview of the front of card 4

Card 5

Front

What are non renewable resources?

Back

Preview of the front of card 5

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