The Economic Objectives of Individuals, Firms and Governments

beth2384
Mind Map by , created almost 6 years ago

A Levels Economics (Unit 1, 1 The Economic problem) Mind Map on The Economic Objectives of Individuals, Firms and Governments, created by beth2384 on 10/26/2013.

280
1
0
beth2384
Created by beth2384 almost 6 years ago
IB Economics SL: Microeconomics
Han Zhang
HSC Economics
lydia le
IB Economics SL: Macroeconomics
Han Zhang
Romeo and Juliet: Key Points
mbennett
1.11 Core Textiles
T Andrews
Economics - unit 1
Amardeep Kumar
Using GoConqr to study Economics
Sarah Egan
Economics
Emily Fenton
AN ECONOMIC OVERVIEW OF IRELAND AND THE WORLD 2015/16
John O'Driscoll
AS Economics Key Terms
Fred Clayton
The Economic Objectives of Individuals, Firms and Governments
1 PROFIT= REVENUE-COST
2 INDIVIDUALS
2.1 want to maximise UTILITY (satisfaction)
3 FIRMS
3.1 want to maximise PROFIT
4 GOVERNMENTS
4.1 want to maximise PRODUCTION
4.1.1 in order to create WEALTH
4.2 may also want to maximise EQUITY (fairness)
4.2.1 through the DISTRIBUTION OF WEALTH

Media attachments