Economic Problem

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Roman Law

par Beverley Addison

COVID-19 VACCINE

par Silvera Silvera

AIRE ANCIENT BATHS

par Guillermo Vinagre

BRAND

par Ndouga Ndouga

Economic Problem

Economic Coordination

Circular flows in the market economy

Property Rights

Money

Markets

Companies

Economic growth

cost of economic growth

Marginal cost

Cost of producing an additional unit of the same

Production possibility frontier (PPF)

Opportunity cost -> Sacrifice of a product

Through PPF ->Swap

Around PPF->Optimal

Out PPF ->Unattainable

Inside PPF->Attainable