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Basic Economics

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Basic economic concepts.
Economía bilingüe 4º ESO.

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Basic EconomicsVersion en ligne

Basic economic concepts. Economía bilingüe 4º ESO.

par Mavi Palacios García
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Scottish economist and philosopher regarded as father of Economics

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How to allocate scarce resources to satisfy unlimited needs and wants is the......economic problem

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Opposite of benefits

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Households, firms and governments are the main.........-makers

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This adjective means: connected with economics

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These kind of goods are unlimited in supply.

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One of the three main economic agents

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Another decision-makers in an economy.

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The kind of behaviour from households, firms and governments Microeconomics studies.

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The word economics comes from this Greek word that means to administrate a household.

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Adam Smith´s work was the first step of ........

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This kind of analysis considers the additional costs and benefits of a decision already taken.

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Basic requirement for survival, including food, clothing and shelter.

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Benefit, measured or not in money, lost when one decision is taken over another.

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When economics just describes reallity it is called.......economics

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An incentive can consist on a punishment or a .....

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A cost that has already occurred and can ́t be recovered.

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Services can´t be touched, so they are......

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Economic scarcity affects all us, therefore it is........

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To fulfil our needs and wants there are goods, and ........

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Something we would like to have but is not necessary for survival.

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The feeling of lack of resources in relation with people ́s needs and wants.

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