Mindmap
The Economic Objectives of Individuals, Firms and Governments
Inhalt der Mindmap
The Economic Objectives of Individuals, Firms and Governments
PROFIT= REVENUE-COST
INDIVIDUALS
- want to maximise UTILITY (satisfaction)
FIRMS
- want to maximise PROFIT
GOVERNMENTS
- want to maximise PRODUCTION
- in order to create WEALTH
- may also want to maximise EQUITY (fairness)
- through the DISTRIBUTION OF WEALTH
- want to maximise PRODUCTION
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- Beschreibung
- A Levels Economics (Unit 1, 1 The Economic problem) Mindmap am The Economic Objectives of Individuals, Firms and Governments, erstellt von beth2384 am 26/10/2013.
- Erstellt von
- beth2384
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- 325
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