Economics

resource

wants

choice

output

factors

rate of which the population grows

number of people that makes up the labour force

efficiency of the working population

industries which are becoming less important

number of people that are bot employed

supplier

consumer

quantity of goods demanded

quantity of goods supplied

interaction of demand and supply

when MC = AR

when MC = PC

when MC = MR

when AC = AR

when AR = MR

what goods and services to produce

for whom to produce goods or services

what techniques of production to be adopted

equal distribution of goods and services

how to ensure that the economy grow over time