Basic Problems of an Economy — Concept Maps
ICSE · Class 9 · Economic Applications
4 concept maps of Basic Problems of an Economy for ICSE Class 9 Economic Applications, each also written out as a text outline.
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Basic Economic Problems Overview
The map in words
- Economic Problems
- Fundamental Cause
- Unlimited Wants
- Multiple wants
- Recurring wants
- Varying intensity
- Limited Resources
- Land
- Labor
- Capital
- Entrepreneurship
- Alternative Uses
- Different applications
- Opportunity cost
- Choice required
- Unlimited Wants
- Central Problems
- What to Produce
- Consumer goods
- Capital goods
- Quantity decisions
- How to Produce
- Labor intensive
- Capital intensive
- Technology choice
- For Whom to Produce
- Income distribution
- Equity concerns
- Social welfare
- What to Produce
- Other Problems
- Full Utilization
- Employment
- Resource waste
- Efficient Use
- Best allocation
- Maximum output
- Economic Growth
- Capacity expansion
- Development goals
- Full Utilization
- Fundamental Cause
Basic Problems of an Economy - Complete Overview
The map in words
- Economic Problems
- Economic Problem
- Unlimited Wants
- Limited Resources
- Alternative Uses
- Leads to Scarcity
- Forces Choice
- Three Basic Problems
- What to Produce
- Consumer Goods
- Capital Goods
- Quantity Decisions
- How to Produce
- Labour Intensive
- Capital Intensive
- Technology Choice
- For Whom to Produce
- Income Distribution
- Purchasing Power
- Equity Issues
- What to Produce
- Additional Problems
- Full Utilisation
- Employment
- Resource Usage
- Efficient Use
- No Wastage
- Maximum Output
- Economic Growth
- Capacity Expansion
- Long Term
- Full Utilisation
- Growth vs Development
- Economic Growth
- Per Capita Income
- Quantitative
- Economic Development
- Comprehensive
- Qualitative Changes
- Economic Growth
- Economic Problem
Basic Economic Problems Overview
The map in words
- Economic Problems
- Scarcity
- Unlimited Wants
- Food
- Clothing
- Shelter
- Education
- Limited Resources
- Land
- Labor
- Capital
- Entrepreneur
- Unlimited Wants
- Central Problems
- What to Produce
- Consumer Goods
- Capital Goods
- Quantity Decision
- How to Produce
- Labor Intensive
- Capital Intensive
- Technology Choice
- For Whom to Produce
- Income Distribution
- Rich vs Poor
- Social Equity
- What to Produce
- Other Problems
- Full Employment
- Efficient Use
- Economic Growth
- Scarcity
Economic Problem
The map in words
- Economic Problem
- Scarcity
- Factors of Production
- Basic Economic Problems
- Other Basic Problems
- Economic Growth
- Economic Development
- Distribution of Income
- Techniques of Production
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