posted by JUNE on .
ARE THE 3 BASIC CHARACTERISTICS OF THE ECONOMIC PERSPECTIVE SUPPLY, DEMAND AND EQUILIBRIUM OR PRICES, INCOMES, AND QUANITITIES.
I BELIEVE THEY ARE SUPPLY, DEMAND AND EQUILIBRIUM, BUT NOT SURE.
June, when you type in all-caps, two things happen:
**it's harder to read, and
**it's the online equivalent to SHOUTING.
Please just type in regular mode, not with the Caps Lock feature turned on. Thanks.
Okay, Any response on my question?
I would think the first set, but then I'm not an econ teacher. Just someone who's trying to "stay level" during our current mess!
I hear ya! Thanks.
Many Many concepts fall into the realm of "economic perspective," including supply, demand, equilibrium, prices, quantities, income, etc. Amoung your two choice sets, if I had to pick the one that is the "most basic", I would go with prices, quantities, and income.
Thanks for your input