Year 8 Economics

The stock market is an example of:

Refer to buying and selling of goods or services across an area or an entire country

When quantity supplied is equal to quantity demanded

Prime motive of producers are:

These markets trade in illicit drugs

Equilibruim price is the most:

Consumer behaviour is called:

The production and distribution decisions which do not adequately provide for everyone

Demand curve is:

Consumers dictating the kinds of goods and services that will be produced

Satisfying needs and wants are the prime motive of:

Markets exists in the real world and deal with products aimed at businesses

Retail markets, Farmers' markets and shopping centres are examples of:

Producers are willing to produce more when price is:

Way of making economic decisions

These markets do not physically exists

Consumers more willing to buy as price decreases

One main question of the market system

These markets facilitate the exchange of money and other 'liquid assets'

Incentives of producers