Microeconomics: What is…?

Click below to learn about these key economic concepts

what is scarcity
what is a ppc
what is demand
what is a complementary good
what is a substitute good
what is an inferior good
what is supply
what is a subsidy
WHAT IS REVENUE, PROFIT, COST, AND LOSS
what is costs of production
what is market equilibrium
what is PED
what is PES
what is YED
what is a mixed economy
what is market failure
what is an externality
what are the factors of production
what is productivity
what is economies of scale
what is diseconomies of scale
what is a monoply
what is an oligopoly
what is labour
what is minimum wage