It helps to know basic supply and demand (25, 4, 7 and 21, 2, 10) and the idea of substitute goods (28, 1, 17 and 26, 3, 3) but are there other economics concepts that appear on LR?

I know we don't have to know the specifics but familiarity with them would definitely help non-econ majors like me

would appreciate any help!

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1 comments

  • Sunday, Oct 18 2020

    Some concepts that I see pop up are;

    -GDP

    -Inflation

    -Free Market, Capital Market

    -Per capita

    -Cost/Benefit

    -Interest

    -Incentives

    -Consumer Surplus

    -Fair Trade

    -Monopoly

    4

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