Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Economics o o o o o Economics Microeconomics Macroeconomics Resource Development Adam Smith freedom of ownership profits o Invisible Hand o Malthusian o Capitalism Economics • • • • • • • Capitalism o Right to private property o Right to business ownership o Right to freedom of competition o Right to freedom of choice Free Market Supply Demand Supply and Demand Curves Equilibrium Point Market Price Economics • • • • • • • • Perfect competition o commodity Monopolistic competition Oligopolistic Competition Monopoly Inequality Socialism Communism Mixed economies o Free-market o Command Economics o o o o o o o o o o o Economic Indicators GDP Unemployment Rate Underemployment Price Index Inflation Disinflation Deflation Stagflation CPI Core inflation Services o o o o o o • Disinflation Deflation Stagflation CPI Core inflation PPI Services o 70% of US economy Economics o o o o o o o o o Business Cycle Boom Recession Depression Recovery Fiscal Policy National Debt Monetary Policy Interest Rates