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The Market System - Mind Map
Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.
View larger version of the mind map.
- Demand
- Price (Pn)
- Prices of Other Goods (Pn..Pn-1)
- Income (Y)
- Tastes and Fashions (T)
- Level and Structure of Population (P)
- Advertising (A)
- Expectations of Consumers (E)
- Supply
- Price (Pn)
- Prices of other goods in production(Pn..Pn-1)
- Joint Supply
- Alternative Supply
- Technology (H)
- Natural shocks (N)
- Costs in Production (F1..Fm)
- Expectations of Producers
- Social Pressures
- Equilibrium
- Surpluses and Shortages
- Price as a Signal
- Profitability for producers
- Value for consumers
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