Economics, Volume 1 |
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agencies amount assumed bonds bushels buyers capital changes Chapter combination commercial banks commercial paper commodity competition constant cost consumers consumption corporation cotton credit instruments decrease demand and supply demand price demand schedule deposits determined diminishing returns dollar economic effect elasticity employers exchange value Explain fact factor of production Federal Reserve banks Federal Reserve notes Federal Reserve system fixed factor given commodity gold illustrate income increasing cost individual industry inelastic investment less loans manufacturers marginal cost marginal demand means ment methods Motors Corporation nomic normal price notes number of units OP₁ organization output particular period population principles private property problem productive efficiency productive factors real increase reason relatively represented result risk sale monopoly securities sell sellers social speculation standard supply schedule tend things tion trade trade union types union unit cost variable cost wages wheat