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Economics - Coggle Diagram
Economics
central problems
central idea
scarcity
what to produce
how to produce
for whom to be produce
circular flow of income
household
government
foreign
private sector
consumer behaviour
law of diminishing marginal utility
total utility
marginal utility
average utility
factors affecting demand
prices of good A
prices of good B
income of the consumer
taste and preferences
producer behaviour
factors affecting supply
prices of the good
technology
input prices
policy
goals of the firm
numbers of firm