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Economics is the social science that analyzes the production, distribution, and consumption of goods and services.
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∙ 12y ago
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What economics indicators measures a specifics types of economics activity?
Retail sales.
What are the types of graphs used in economics?
bar graphs
What are the three types of utility in Economics?
time,place, form
What are three main types of economics?
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
What are the 3 definition of economics?
-Monetary - -
What are the three types of resources of economics and why?
what are the 3 types of economic resources
What are 3 types of resources when studying economics?
Goods, service, capital.
What economics indicators measures a specifics types of economics activity?
Retail sales.
2 types of economics?
macroeconomics and microeconomics
What are the types of graphs used in economics?
bar graphs
What are the 3 economics questions?
The 3 Economics questions are: 1) What to produce 2) For whom to produce 3) and How to produce.
What are the three types of utility in Economics?
time,place, form
What are the four types of resources economics?
Labor, land, capital, entreprenurial
What are 3 types of decisions that need to be made in economics?
What is the Marginal Benefit? What is the Marginal Cost? At what point does the MB & MC equal out? (All needs & wants satisfied)
What are three main types of economics?
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
What are the 3 definition of economics?
-Monetary - -
What are five types of resources in economics?
land resource water human forest
