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Z notes economics. Complete and updated to the latest syllabus. Free summarized revision notes for international examination boards written for students by students. Complete and updated to the latest syllabus.
Docklands Lodge Business Centre 244 Poplar High Street London E14 0BB. 1 The Basic Economic Problem Factors Of Production 1 Land Land refers to all-natural resources which are free gifts of nature. The syllabus includes the main theoretical concepts which are fundamental to the subject a section on some current applications of Economics and a strong emphasis on advanced practical skills.
Free CAIE A2 Level Economics 9708 Theory Basic Economic Ideas and Resource Allocation summarized revision notes written for students by students. The formula used to calculate PED is. Q1 Old Quantity Q2 New Quantity P1 Old Price P2 New Price If the answer using the above formula is less than 1 than the.
The books provided me with great insights on how economics was applied in reality and it was fun to read and learn concepts and ideas that lie outside the sphere of academic syllabus. Labour Human efforts done mentally or physically with the aim of earning an income is known as labour. 1 The basic economic problem.
Free CAIE A2 LEVEL Economics 9708 summarized revision notes written for students by students. Price Elasticity Of Demand measures the responsiveness of demand to a change in price. Finite resources and unlimited wants Scarcity of resources is the basic economic problem 12 Factors of Production Consumers are people or firms who need and want goods and services.
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