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Economics (0455) The Allocation of Resources Revision Note

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Hestia Laurent

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CAIE IGCSE Economics – Allocation of Resources: clear notes on micro vs macro, the price mechanism, demand & supply (equilibrium, shifts), and elasticity (PED/PES).  Covers market vs mixed systems, market failure (externalities, public goods), and government intervention (price controls, taxes/subsidies, regulation). 
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