問題一覧
1
three categories of economic process
production distibution consumption
2
adam smith published a book called///??
wealth of the nation
3
t is measured n terms of profitability
best solution
4
this exists to meet society's fundamental needs
social institutions
5
Study of people
Social Science
6
it is a system of obligatory ift giving
reciprocity
7
describes the process of allocating the goods and services
distribution
8
it refers to human made surroundings
build environment
9
it is the end purpose of economic process
consumption
10
it is when roduction od a good is broken down into individual steps
division of labor
11
Practice of persuading
coercion
12
rules that are not conciously created but still be misscomminicated
implicit rules
13
this implies the ability of one person or group o force anotherto make choice they would not prfer
conscription
14
by illegitimate force
theft
15
is the case where an individual focuses on the production of a specfic ood
specialization
16
inputs also called as ______
factors of production or resources
17
this refers to the relationship between two or more ndividuals
social interaction
18
Study of how ascarce resources are allocated
Economics
19
it is regarded as the optimal way to coordinate economic behavior
competition
20
to distribute
allocation
21
are the expenses incurred when buying and selling a good
Transaction cost
22
it refers the way in which cultures and societies provide or supply
economic system
23
it is a contract between a seller and buyer
market exchange
24
to supply or to provide
provision
25
an economic system based on conventional forms
traditional economies
26
act of giving gift with nothing expected return
philanthropy
27
it can be powerful anf acurate
intuition
28
this facilitates and contraints
institutions
29
it involves an exchange of private property rights
market exchange
30
was the last category of inputs
entrepreneurial ability
31
it is one that does not create another problem
ideal solution
32
an economic system where aspects from traditional command and market economies are combined
mixed economies
33
it is an agreement between two individuals or agent
contract
34
it comprises all lving and non living things
natural environment
35
this is where sellers do ot see themselves as rivals
pure competition
36
in legal terms an individual called?
agent
37
involves knowledge about alternative ways
technology
38
sometimes called factors of poduction or resources
inputs
39
it has to be identified and defined
the problem
40
it is the process of altering inputs
production
41
he is the father of economics
adam smith
42
the final determinant in choosing the best solution
availability of resources
43
it is a process of transferring private property rights from a dead person to an agent
inheritance
44
rules that are often in the form of law
explicit rules
45
it is a redistributiom private property
eminent domain
46
it is a knowledge about how resources individual and social organization can be used to accomplish objectives
technology
47
this implies voluntary agreements and a coordinated approach to the solution of the problem
cooperation
48
he divided economic process into three categories
john stuart mill
49
an economic system where private ndividuals and group s hold economic power
market economies
50
n economic system where rulers hold the power
command economies
51
we want to maintain/protect an idividuals???
liberty