6 Questions
_______ – improving quality of human lives.
Development
Absolute Poverty – unable to meet minimum _______
income
Traditional Economics – economics that emphasizes utility, profit maximization, market efficiency. Concerned with efficient, least-cost allocation of scarce productive _______
resources
Globalization – increasing integration of national _______
economies
Income per Capita – total gross national income divided by total _______
population
Capabilities – freedoms that _______ have
people
Explore key concepts and theories in economics, from traditional economics to political economy. Learn about absolute poverty, subsistence economy, neoclassical economics, and more.
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