Rethinking
Economics: 52
Key Concepts
(and two useless ones)
Advertising
Balance
of payments
Competitor
Consumption
Costs
Cumulative
bundle
Degree
of difficulty
Economic
boom
Economic
depression
Economic
expansion
Economic
recession
Economic
recovery
Elasticity
Employment
Energy
Exchange
rate
Exports
Feedback
Foreign
direct investment
Gross
Domestic Product
Human
beings
Imitation
Imports
Inflation
Innovation
Insuance
Interest
rates
Investment
Useless
concept: Isoquant
Microfinance
Money
Peak
- the upper turn-around point in the business cycle
Pluralism
Poverty
Price
level
Product
differentiation
Useless
concept: Production
function
Productivity
Profits
Public
expenditure
Refusal
to sell
Remittances
Repurchase
Routines
Savings
Social
groups
Substitute
goods
Tax
revenue
Time
Trade
balance
Trough
- the lower turn-around point in the business cycle
Unemployment
Urban
regeneration
Wages
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