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The basic economic concepts (Inputs (input incomes (wages, interest, rent)…
The basic economic concepts
Needs
division of needs
material and immaterial (mental and social)
individual and collective
primary (essential) and secondary (luxury and cultural)
satisfying of needs by
goods
services
Economics
macroeconomics and microeconomics
positive and normative
Inputs
input incomes
wages
interest
rent
features of inputs
scarce (limited)
alternative use
division of inputs
human resources (labour)
capital resources (capital)
natural resources (land)
Outputs
goods
services
Money
today´s forms of money
coins
banknotes
bank money
evolution of money
commodity money
precious metals
natural exchange
paper money
bank money
money functions
account unit
legal tender
store of value
medium of exchange
Economy
territory
economic activity
Division of labour
Economic subjects
households
companies (firms)
state