Unit 5 Section 1 | Flashcards

Flashcards by Jack Sharp, created more than 1 year ago

Revision of key terms im not sure of in Unit 5 Section 1

	Created by Jack Sharp almost 10 years ago

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SCARCITY

SATISFACTION

OPPORTUNITY COST

TRADE - OFF

REVENUE

PRICE SENSITIVITY

SUBSTITUTE

NECESSITY

DIVIDENDS

CONFLICT OF INTEREST

EXTERNALITIES

NEGATIVE EXTERNALITIES

POSITIVE EXTERNALITIES