Master this deck with 16 terms through effective study methods.
Economía primero bach
Explains human behavior in daily activities.
Insufficient resources to meet societal needs.
Value of the best alternative forgone in a decision.
Economic goods require transformation and are scarce.
Choices must be made about production and distribution.
Expenses that cannot be recovered and shouldn't affect future decisions.
Comparison of additional benefits and costs to make decisions.
Guides individual decisions to create collective well-being.
Efficiency maximizes production, while equity ensures fair distribution.
Centralized decision-making by the state for production and distribution.
Regulates markets and provides social welfare.
Believes in minimal state intervention for optimal resource allocation.
It generates inequality and neglects basic needs.
State intervention is necessary to stabilize the economy during downturns.
Rejects state intervention, emphasizing market efficiency.
What to produce, how to produce, and for whom to produce.