Econ

4 cards·by SHiroyuki96

Poverty

Poverty is when an individual has an absolute material standard of living.

Absolute Poverty

Absolute poverty is someone is absolutely poor if their income does not allow them to consume enough to purchase a minimum bundle of consume

Investment

An investment is an asset or item that is brought with the hope that it will generate income or appreciate in the future.

Neoclassical economics

Neoclassical economics is an approach to economics that relates supply and demand to an individual's rationality and his ability to maximise