Circular flow
Circular flow 2-sector ecomy model 1. sector – firms – producers of goods and services2. sector – households – buyers of goods and services Households demand goods and services and firms supply them.In a...
Angličtina
Production, Government
Production – a process of creating goods and services for which are people ready to payThe pourpouse of producton is to satisfy human desires. Production is classified into three categories:1) Primary production: includes industries...
Types of economies
Types of economies 1) Centrally planed (command) economy: typical for socialistic countries, government makes all decisions about production and compsumption. It decides what, how and for whom it will be produced. Government makes a...
Studies at university
Studies at university There are three levels of study at UEP, they all are credit based. 1) The Bachelor’s grade takes forom 3 to 5 years, depending on individual’s choice. Having completed required number...
Competition
Competition Markets for different goods and services differ greatly in terms how competitive each market is.There are several basi market models: Pure competition: many buyers and sellers, the products are homogenous, there is free...
Market
Market There are many definitions of a market. For example market means a setting in which buyers and sellers agree on engage in exchange, or a market is a set of arrangements through which...
Economics
Economics -is a science which studies how do people alocate limited (scarce) resouces in order to satisfy their unlimited wants scarcity – lack of available rosources to satisfy all desired uses of those resourcessoportunity...
True or False?
The territory of Luisiana was acquired from Spain in a transaction called the Luisiana Purchase. T x FProhibition was repealed by Richard Nixon. T x F… It happened in 1933. T x FWomen gained...
1865
-The Confederacy surrendered, bringing an end to the Civil War. Slavery was abolished throughout the United States. President Abraham Lincoln was assassinated.1867 America purchased Alaska from Russia.1870-1890 The last Native American tribes were defeated...
HISTORY
1565 Spain founded the first permanent European settlement in what is now the United States at Saint Augustine, Florida. However, Native Americans had lived on the continent for thousands of years.1763 Britain gained control...
