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More cards in this set
Card 6
Front
includes organizations owned and run by the government, not there to make a profit.
Back
Card 7
Front
Organizations owned and run by individuals or groups. Main aim to get as bigger profit as possible
Back
Card 8
Front
All other factors remain constant
Back
Card 9
Front
being good at a particular skill/job
Back
Card 10
Front
A situation where there is only one firm selling in a market
Back
Card 11
Front
When a firm has more than a 25% of the market share
Back
Card 12
Front
The quantity buyers are willing to pay at a given price per period of time
Back
Card 13
Front
The fall in QD due to a rise in price
Back
Card 14
Front
The increase of QD due to a fall in price
Back
Card 15
Front
Goods for which the demand falls for which the demand falls when income rises
Back
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