Home > Blossary: Basic Economy
It serves those who have just studied economy because it includes basic terms that they need to know and understand the economy world. It is really useful.
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32 Terms
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Created by: Fatima
Number of Blossarys: 1
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- Arabic (AR)
- Italian (IT)
- Russian (RU)
- Indonesian (ID)
- Romanian (RO)
- Serbian (SR)
- Spanish, Latin American (XL)
- Korean (KO)
- French (FR)
-
- Thai (TH)
- Hindi (HI)
- Chinese, Simplified (ZS)
- Spanish (ES)
- Bulgarian (BG)
- Macedonian (MK)
- Farsi (FA)
- Turkish (TR)
- Slovak (SK)
- Polish (PL)
- Japanese (JA)
- Tamil (TA)
- Filipino (TL)
- Croatian (HR)
- Dutch (NL)
- English, UK (UE)
A pervasive condition of human existence that exists because society has unlimited wants and needs, but limited resources used for their satisfaction.
Domain: Economy; Category: Economics
Systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.
Domain: Economy; Category: Economics
One of the fundamental economic theories in the operation of any economy.
Domain: Economy; Category: Economics
A production technique which uses a high proportion of capital to labour.
Domain: Economy; Category: Economics
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