- Microeconomics: the study of small units of factors of an economy
- Demand اقتصاديات الطلب: wanting to buy a product
- Demand schedule جدول الطلب: a table economists study demand
- Quantity كمية: the amount of something
- Demand curve: shows the quantity of a product at possible prices
- Data البيانات: facts and numbers used to study something
- Law of Demand: says consumers will buy more of a product at a lower price and less of a product at a higher price.
- sum مجموع: total (like addition in math)
- utility خدمة: being useful or making profit
- satisfaction رضا: happy with something
- marginal utility رضا إضافي: extra satisfaction from having 1 or more of the same product
- diminish تخفيض: decrease, less
Econ 4.1 Vocab
