Econs - economic thinking

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4 Terms

1
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What is economic significance?

Keyword: Impact, effects, trends, theories, decisions, practices.

What are the effects of different individuals and groups, institutions, and or/ nations and how the impact of those allocations may be different for different groups.

2
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What is cause and effect?

Keywords: Factors

What factors affected or contributed to the economic policies, decisions, practices, trends, or developments as well as the consequences of these policies, intended and unintended?

3
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What is stability and variability?

Determine how and why economic activity and/or well-being changes or stays the same over time and investigate various factors that contribute to economic change and/or help ensure stability.

4
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What is the economic perspective?

keywords: diverse perspectives, affecting our decision making.

Some may benefit some groups while disadvantaging others. Economic development may have social, cultural, and environmental, as well as direct economic effects.