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In this chapter you will learn how to: explain the meaning and importance of free goods and private goods (economic goods) explain the meaning and ...
Members only
AS Economics (Section 1)
In this chapter you will learn how to: explain the meaning and purpose of a production possibility curve explain the shape of the production possib...
Free
In this chapter you will learn how to: explain decision-making in market, planned and mixed economic systems analyse the advantages and disadvantag...
Members only
In this chapter you will learn how to: define the meaning of the factors of production: land, labour, capital and enterprise explain the importance...
Members only
In this chapter you will learn how to: explain why economics is a social science differentiate between facts and opinions (positive and normative s...
Members only
AS Economics (Section 1)
In this chapter you will learn how to: explain the fundamental economic problem of scarcity explain the need for individuals, firms and governments...
Free