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The study of the national economy.
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The study of economics within a small firm or specific market
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A social science that studies the production, distribution or consumption of goods or services.
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The action of making or manufacturing components.
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Customer-satisfying goods made from free resources that don't impose an opportunity cost on society.
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Goods that satisfy the needs and wants of people directly
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The wants and needs of society are endless but the resources to satisfy these are finite.
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Where both market forces and government determine which goods and services are produced and how they are distributed.
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A concept where individuals shouldn't own land/firms/capital but the whole community should.
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A subjective statement that carries value judgements.