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The following subject specific vocabulary provides definitions of key terms used in our GCSE Economics 8136 specification. Your students should be familiar with, and gain understanding from all these terms.
not eager or willing to help other people, for example by changing your plans: The staff in the restaurant were extremely rude and unaccommodating. I would like to take more time off to help but I have a very unaccommodating boss. Opposite. accommodating.
Introduction to Relationship Economics. Relationship economics is a form of Ronald Coase's transaction cost economics which hypothesizes that the costs of forming and maintaining personal relationships, and the benefits of those relationships, dominate decision-making in many contexts.
There is one meaning in OED's entry for the adjective unaccommodating. See ‘Meaning & use’ for definition, usage, and quotation evidence.
Apr 23, 2021 · Economic relations are the economic interactions that occur between nations. This greatly benefits nations as completely economically isolated nations invariably suffer from economic inefficiencies, stagnation and instability. The following are illustrative examples of economic relations.
Feb 26, 2017 · Elasticity is a concept which involves examining how responsive demand (or supply) is to a change in another variable such as price or income. Price Elasticity of demand (PED) – measures the responsiveness of demand to a change in price. Price elasticity of supply (PES) – measures the responsiveness of supply to a change in price.
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In this video, we introduce the field of economics using quotes from the person that many consider to be the "father" of economics: Adam Smith. Topics include the definition of economics, microeconomics, and macroeconomics as a field and the role of assumptions in economic decisionmaking.
- 10 min
- Sal Khan
