Please enable JavaScript.
Coggle requires JavaScript to display documents.
Economics - Coggle Diagram
Economics
Main Concepts
Scarcity
Making Decisions
Interdependence
Markets and Allocation
Economic Performance and Living Standards
Specialisation and Trade
Economic Performance
GDP
Inflation
Unemployment
Frictional
Seasonal
Structural
Cyclical
Living Standards
Material
measured by GDP
access to food, health care, cars, etc.
Non-Material
not measured by $
clean air, safety, freedom of speech, time off work, etc.
Government Management
Budget
Taxes
Indirect
Direct
Balanced
Deficit
Surplus
Budget is spent on...