click below
click below
Normal Size Small Size show me how
Economics
Question | Answer |
---|---|
What is deregulation | Is the removal of government controls |
What is a privatisation | Is the sale of a state company |
What is nationalism | Taking a company |
What is price discrimination | Is when goods and services are sold to different consumers |
Example of Land | Rent |
Example of labour | Wages |
Capital | Interest |
Enterprise | Profit/loss |
What is Marginal revenue productivity(MRP) | The extra revenue earned |
What is MPP( Marginal physical product) | The extra Output produced |
What is a supply price | Is the minimum payment necessary |
What is economic rent | Refers to any earnings |
What is land | Anything provided by nature |
What is labour | Is the human activity |
Ntma | National treasury management agency |
National income | Is the income accruing to the perement residents |