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Classification: Study and Revision Guide
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Crash report
Economics 0455 Study and Revision Guide , IGCSE | Free PDF
The basic economic problem - Factors of production, scarcity, opportunity cost.
Allocation of resources - Economic systems, market mechanisms, social costs and benefits.
Individuals in the economy - Money and finance, occupations and earnings, role of trade unions, spending and borrowing behavior.
Firms and production - Business organization types, production processes, firm growth, market competition.
Government in the economy - Economic policy objectives, taxation types and impacts.
Economic indicators - Price inflation, employment and unemployment trends, economic growth and corruption effects.
Global economy and trade - Developed vs. developing economies, population issues, international trade and specialization, balancing international payments.
Allocation of resources - Economic systems, market mechanisms, social costs and benefits.
Individuals in the economy - Money and finance, occupations and earnings, role of trade unions, spending and borrowing behavior.
Firms and production - Business organization types, production processes, firm growth, market competition.
Government in the economy - Economic policy objectives, taxation types and impacts.
Economic indicators - Price inflation, employment and unemployment trends, economic growth and corruption effects.
Global economy and trade - Developed vs. developing economies, population issues, international trade and specialization, balancing international payments.