Key terms in new leaving cert economics
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each of the black spaces below before clicking
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| show | Is a social science
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| show | Studies human behaviour in different conditions
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| Economic models | show 🗑
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| Economic data | show 🗑
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| Percentage | show 🗑
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| Needs and wants | show 🗑
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| Average cost | show 🗑
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| show | Anything manmade that assists in the production of wealth .
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| show | The difference between the value of visible exports and visible imports.
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| Circular flow of income | show 🗑
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| Consumer | show 🗑
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| Deflation | show 🗑
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| show | The number of units of goods a consumer wants to buy at various prices. Consumers demand goods and services to satisfy their needs and wants .
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| Devaluation | show 🗑
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| show | Is the cost of foregone alternatives (choice).
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| show | Exist where buyers and sellers meet to exchange goods and services.
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| Margin | show 🗑
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| Land | show 🗑
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| show | The Human effort involved in creating wealth eg. The deli assistant, farmer etc.
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| show | Anything made by Humans that assists in the
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Created by:
Gemmabehan
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