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Key Variables in the Economy - Coggle Diagram
Key Variables in the Economy
Two major keys
Production
The different Capitals of production
Human capital
Natural resources
Physical capital
Technological knowledge
Growth
Diminishing Returns
Education
Saving and Investing
Health
Rights stability
Political stability
More people
Financial systems
Saving and Investing
Loans
Incentives
Measuring Economy
Time Value of Money
Risks
Asset Valuation
Unemployment
Who?
Actively looking
Without job
How long?
Short most cases
Why?
Minimum-wage
Unions
Efficiency wages
Minimum-wage
Effects unemployment