Βασικές Οικονομικές Εννοίες

What is the basic difference between Robinson Crusoe's economy and modern economies?

• The simple economy of one person has the peculiarity that all decisions are made by the same person.

• In modern economies, millions of people make their own decisions simultaneously but separately.

• The results of these decisions arise through complex mechanisms.

• All of the above.

What are called economic needs?

• Needs that require economic goods for satisfaction.

• Needs that are unlimited.

• Needs that are temporary.

• Needs that are always satisfied.

Describe the properties of economic needs.

• Evolution, Multiplication, Saturation

• Only Evolution

• Only Multiplication

• Only Saturation

What are the main reasons contributing to the evolution and multiplication of needs?

• Technology

• Imitation

• Habit

• Advertising

What goods are free and which are economic?

• Free goods are those that are available in unlimited quantities in nature.

• Economic goods are those that are produced or traded.

• Free goods are not studied by Economic Science.

• Economic goods are the result of human productive effort.

Describe the categories into which economic goods are classified.

• Material goods and intangible services

• Durable and consumable goods

• Capital and consumer goods

What is the market?

• The place where products are sold and bought.

• A type of good.

• A financial transaction.

• A commercial street.

What are the factors that affect household decisions?

• Income

• Size and age composition of the household

• Geographical location

• Social environment

What is the primary goal of the household?

• Maximizing income

• Satisfying needs

• Reducing expenses

• Increasing savings

Describe the business as a social institution of an economy.