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Economic Analysis - Coggle Diagram
Economic Analysis
Context
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Macroeconomics (interest rates, inflation, unemployment, policies)
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Market
Consumer (clothes, food, etc)
Factor (land, labour, capital, enterprise)
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Neoclassical Economics
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MARGINAL principle: decisions based on comparing marginal utility/benefit against marginal costs (extra benefit v. additional cost)
Capitalist Economy
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'Organised Capitalism' (Adapted from Scott, 2009, p.36 in OU, p.23)
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Institutions, Regulations and Regulators
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