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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31 Terms

Created by: Fatima

Number of Blossarys: 1

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System of cultivation using large amounts of labour and capital relative to land area.

Domain: Economy; Category: Economics

The consultancy firm run by prominent economist and former Telstra advisor Henry Ergas.

Domain: Economy; Category: Economics

A monetary arrangement that pegs the monetary base of one country to another, the anchor nation.

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

A production technique which uses a high proportion of capital to labour.

Domain: Economy; Category: Economics

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

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