Economics 4EC1/01 May June 2021 | Edexcel IGCSE Past Papers With Mark Scheme

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1. Production Possibility Curve (PPC) and Market Structures: Understanding resource allocation, business profit maximization, and monopoly definitions.

2. Cost and Revenue Analysis: Calculating total cost, average cost, and profit/loss per unit of production.

3. Government Policies and Market Intervention: Effects of taxation, subsidies, and fines in addressing economic issues and externalities.

4. Labour Market and Education Policy: Impact of raising the school-leaving age on workforce supply and wage determination.

5. Privatization and Economic Growth: Benefits of privatization, multinational corporations (MNCs), and investment decisions.

6. Market Dynamics and Consumer Behavior: Price elasticity of demand, shifts in supply and demand, and impact of competition on businesses.

Edexcel International GCSE Economics (4EC1) Jun 2021

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Classification: Edexcel Paper 1

Page count: 24

Viewed: 39

Last update: 2 months ago

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Economics 4EC1/01 May June 2021 | Edexcel IGCSE Past Papers With Mark Scheme

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