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Este Cmap, tiene información relacionada con: Cap 2 economia, Imposible to reach Through trade or exchanges Oportunity Costs: Proportion or coefficient that measures the sacrifice in the production of one extra unit., descentralized markets Using ????, Adsolute advantage: The most productive unit in the market Overcomes Productivity by trading than producing whitout commerce, THE ECONOMIC PROBLEM Solves: Production possibilities and the opportunity cost, Productivity by trading than producing whitout commerce Two systems descentralized markets, Economic Grouth: the expansion in productivity Using Capital accumulation, Oportunity Costs: Proportion or coefficient that measures the sacrifice in the production of one extra unit. Characterized by: Convexity: phenomenon described by the opportunity cost is increasing to the extent that you can produce more of one good, Efficent use of resourses Through Marginal benefits: Is the perceived benefit of consuming one extra unit of the good or service, Marginal benefits: Is the perceived benefit of consuming one extra unit of the good or service Equilibrium: Efficiency in assignation of resourses, Especialization By: Adsolute advantage: The most productive unit in the market, Production possibility frontier: boundary between the combinations of goods and services that may be produced; ceteris paribus Beyond the PPF Imposible to reach, Marginal cost: the costo of producing one extra unit of a product. Represented by the slope of the PPF Characterized by: Convexity: phenomenon described by the opportunity cost is increasing to the extent that you can produce more of one good, Marginal benefits: Is the perceived benefit of consuming one extra unit of the good or service Characterized by: Principle of diminishing marginal benefits: If we have plenty quantity of any good, the extra benefit of getting one extra unit will be less, Production possibility frontier: boundary between the combinations of goods and services that may be produced; ceteris paribus In the PPF Eficient production, Especialization By: Comparative advantage: The oportunity cost is less than the others in the market, Economic Grouth: the expansion in productivity Using Especialization, Economic Grouth: the expansion in productivity Using Changes in technology, Production possibilities and the opportunity cost Taking into account Production possibility frontier: boundary between the combinations of goods and services that may be produced; ceteris paribus, THE ECONOMIC PROBLEM Economic grouth Economic Grouth: the expansion in productivity, Comparative advantage: The oportunity cost is less than the others in the market Another method: Practice learning: People becomes more productive by realizing the same activity several times.