ECONOMY

ECONOMY

1. Is the social science that studies the choices made by individuals.

   • MONOPOLIES INFORMATION AGE
     • It has great power in the market.
   • CLIMATE CHANGE
     • It is the biggest environmental threat.
   • ECONOMIC INSTABILLITY
     • Fluctuations by the existence of underemployment and inflation .
   • GOODS AND SERVICES
     • Efforts to meet the needs and desires of people.
       • CONSUMER GOODS
         • Directly meet the needs
       • INTERMEDIATE GOODS
         • Transform to purchase a good final consumption
       • CAPITAL GOODS
         • Goods used for production of other goods
     • GLOBAL ECONOMY
       • Borderless economic system
         • interconnection between countries to meet the needs of the population.
         • Best markets to invest
         • Economic exchange
     • ECONOMIC INCENTIVES
       • Greater motivation to meet goals
         • Reward system

2. MICROECONOMICS

   • Is the study of economic units: enterprises, consumers, workers , people.
   • MONOPOLY
     • A single producer or seller controls the supply of a good.
   • OLIGOPOLY
     • Mutual interdependence of sales plans .

3. MACROECONOMY

   • It is the study of the performance of national ecnomias and the global economy.
     • OFFER AND DEMAND
       • As prices vary as a result of the availability of a product.
         • INFLATION
           • sustained and widespread increase in the level of prices and services in a given period .

4. GLOBALIZATION

   • Expansion of international trade.

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