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Basic Economic Terms

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Across
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Quantity demanded of a good decreases with an increase in income
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This always shift the supply curve to the right
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Cost of shifting resources from one use to the other
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Economics of 'What ought to be'
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Optimum choice of a consumer
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reason for the shifts of supply curve to the left
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A satisfaction maximizing entity
Down
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Land, Labour, Capital and enterprise
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Basis of economics because of which we make a choice
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Prefer more of one with no less of the other
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cardinal measure of satisfaction
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This type of demand has a steep slope
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All other factors being constant
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It separates attainable from unattainable combinations
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financial benefits given by the government that shift the supply curve to the right