Cards (22)

  • this is the study of how societies/individuals choose how to use and manage resources in order fulfill their wants and needs
    economics
  • what are the two branches of economics
    macroeconomics, microeconomics
  • this is the study of economics in a larger scale
    macroeconomics
  • this study of economics focuses on the effects of decisions made by large groups such as countries and corporations
    macroeconomics
  • this is the study of economics that deals with the effects and factors of individual economic decision
    microeconomics
  • enumerate the six areas of studies of economics
    labor economics, international economics, agricultural economics, environmental economics, industrial economics, developmental economics
  • this study of economics focuses to explain the function of work of human beings in exchange for wages
    labor economics
  • this area of economics focuses on employee relations at work and the effects of unemployment
    labor economics
  • the area of economics that studies international factors that influences the domestic conditions
    international economics
  • this area of economics studies the flow of money in the industry in both international and domestic concern
    international economics
  • this branch studies the consequences of investment, migration, trade, and interaction of transactions
    international economics
  • this branch is also knows as agrinomics
    agricultural economics
  • this branch covers crops, land use, environment, agri-policy, ecosystem, etc.
    agricultural economics
  • this branch covers pollution, solid waste management, global warming, toxic substances, etc
    environmental economics
  • this branch studies the benefits of local and environmental strategies around the globe
    environmental economics
  • this branch covers industries such as markets, shops, electricity restaurants, plantation, etc
    industrial economics
  • this branch studies the processes of advertising, research on matters of sales and investments, and price setting
    industrial economics
  • this branch studues the regulation of profits, advertisement, and product pricing
    industrial economics
  • this branch promotes the economic growth of developing countries
    developmental economics
  • this branch helps promote the improvement of education, work, market conditions, policies, and health for international growth
    developmental economics
  • this greek term refers to household management
    economics
  • father of economics
    adam smith