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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30 Terms

Created by: Fatima

Number of Blossarys: 1

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One of the fundamental economic theories in the operation of any economy.

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

It provides an outlet for research in all areas of economics based on rigorous theoretical reasoning and on topics in mathematics that are supported by the analysis of economic problems.

Domain: Economy; Category: Economics

Any commodities or services used to produce goods and services.

Domain: Economy; Category: Economics

It occurs naturally within environments that exist relatively undisturbed by mankind, in a natural form.

Domain: Economy; Category: Economics

The act of supplying a desired output.

Domain: Economy; Category: Economics

The assets which an economy may have available to supply and produce goods and services to meet the ever-changing needs and wants of individuals and society.

Domain: Economy; Category: Economics

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