Markets - 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.

• Buyers
  • Demand
    • Price
    • Incomes
    • Tastes
    • Prices of other goods
      • Substitutes
      • Complements
    • Population
    • Advertising
• Sellers
  • Supply
    • Price
    • What else could be produced?
    • Level of Technology
    • Natural Factors
      • Weather
      • Floods
      • Earthquake
      • Hurricane
      • Drought
    • Expectations of Producers
    • Costs of Production
      • Land
      • Labour
      • Capital
• Prices
  • Rising
    • Demand higher than supply (Shortage)
  • Falling
    • Supply higher than demand (Surplus)
  • High?
    • In relation to what?
  • Low?
  • Signal
    • Buyers - Value
    • Sellers - Profitability
• Changes
  • Changing demand
  • Changes in supply
• Types of Market
  • Goods
  • Labour
  • Capital
  • Financial
    • Currency
    • Stocks
    • Shares
    • Insurance
    • Pensions
  • Energy
    • Gas
    • Oil
    • Electricity
  • Commodities
    • Wheat
    • Soya
    • Pork
    • Tin
    • Copper
    • Sugar
    • Steel
  • Transport
  • Waste Products