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Economics - Coggle Diagram
Economics
Principles of Economics
Economic Agents
households/individuals
firms
governments
central banks
Scarcity
Tradeoffs
Micro
Macro
Incentives
costs vs benefits
trade
choices
Factors of Production
inputs
outputs
goods
services
land
perpetual
renewable
non renewable
labor
capital
human capital
physical capital
entrepreneurship
Economic systems
Traditional
Command
Market
Mixed
Trade
Specialization
Absolute Advantage
Comparative Advantage
Opportunity Cost
Import
Export
Production Possibilities Frontier
tradeoff
opportunity cost
efficiently
inefficiently
scarcity