Games grade XI Social

Below are three economic actors ...

• Producer

  Distribution

  Consumer

• Production

  Distributor

  Consumsion

• Producer

  Distributor

  Consumer

• Production

  Distribution

  Consumsion

Below is an economic activity...

• Production

  Distribution

  Consumsion

• Production

  Distributor

  Consumer

• Producer

  Distribution

  Consumer

• Producer

  Distributor

  Consumsion

What are discussed in modern economic problems ...

• What to produce?

  How to produce?

  Where to produce?

• What to produce?

  How to produce?

  For whom to produce?

• When to produce?

  How to produce?

  Where to produce?

• When to produce?

  Why to produce?

  Where to produce?

Explain in your own language about "what is Scarcity?"

Explain in your own language about "what is Opportunity Cost?"

Which line represents the demand curve ...

Which line represents the equilibrium price curve ...

The triangular center point on the curve is called ...

Equilibrium is ...

• a situation where demand and supply are not equal

• the price where demand and supply are equal, where the market clears

• the amount that is traded at the equilibrium price

• a situation where there is no tendency for change