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Economics (0455) The Basic Economic Problem Revision Note

Economics (0455) The Basic Economic Problem Revision Note

CAIE IGCSE Economics – The Basic Economic Problem: concise notes on scarcity (unlimited wants vs limited resources), economic vs free goods, factors of production (LLCE) and rewards, plus mobility/quality changes. 

Covers opportunity cost with examples and PPC: efficient/inefficient/unattainable points, movements vs shifts, and resource-allocation aims—ideal for quick revision. 

Hestia Laurent

Classification: Study and Revision Guide
Page count: 2
Viewed: 4
Last update: 21 days ago
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