Cambridge O Level Economics Workbook Notes

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IGCSE Economics 0455 Notes (Chapter 1-2) For 2023
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23

January 2023

2022/2023
IGCSE Economics 0455 Notes (Chapter 1-2) For 2023. Need ⇒ goods or services necessary for survival Want ⇒ goods or services NOT necessary for survival Finite resources ⇒ resources that will eventually run out Renewable resources ⇒ resources that can be replaced as they are used to produce goods or services The economic problem ⇒ limited resources and unlimited wants which leads to a problem called scarcity Scarcity ⇒ an economic problem where the resources are not enough to sa...
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STUDYLAB2023
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CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023
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-

-

18

January 2023

2022/2023
CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023. The Basic Economic Problem 1.1. Economic Problem There are too few productive resources to make all the goods and services that consumers need and want. Unlimited wants and limited resources Scarcity of resources is the basic economic problem Types of goods Economic goods: A good or service that has a degree of scarcity and therefore an opportunity cost. Free goods: A good or service that is not scarce and is available in abundance. F...
Popular
STUDYLAB2023
$12.99 More Info

Summary

CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023
-

-

-

18

January 2023

2022/2023
CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023. The Basic Economic Problem 1.1. Economic Problem There are too few productive resources to make all the goods and services that consumers need and want. Unlimited wants and limited resources Scarcity of resources is the basic economic problem Types of goods Economic goods: A good or service that has a degree of scarcity and therefore an opportunity cost. Free goods: A good or service that is not scarce and is available in abundance. F...
Popular
ExcelAcademia2026
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Summary

CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023
-

-

-

18

January 2023

2022/2023
CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023. The Basic Economic Problem 1.1. Economic Problem There are too few productive resources to make all the goods and services that consumers need and want. Unlimited wants and limited resources Scarcity of resources is the basic economic problem Types of goods Economic goods: A good or service that has a degree of scarcity and therefore an opportunity cost. Free goods: A good or service that is not scarce and is available in abundance. F...
New
ExcelAcademia2026
$15.99 More Info

Summary

IGCSE Economics 0455 Notes (Chapter 1-2) For 2023
-

-

-

23

January 2023

2022/2023
IGCSE Economics 0455 Notes (Chapter 1-2) For 2023. Need ⇒ goods or services necessary for survival Want ⇒ goods or services NOT necessary for survival Finite resources ⇒ resources that will eventually run out Renewable resources ⇒ resources that can be replaced as they are used to produce goods or services The economic problem ⇒ limited resources and unlimited wants which leads to a problem called scarcity Scarcity ⇒ an economic problem where the resources are not enough to sa...
New
STUDYLAB2023
$14.99 More Info

Summary

CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023
-

-

-

18

January 2023

2022/2023
CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023. The Basic Economic Problem 1.1. Economic Problem There are too few productive resources to make all the goods and services that consumers need and want. Unlimited wants and limited resources Scarcity of resources is the basic economic problem Types of goods Economic goods: A good or service that has a degree of scarcity and therefore an opportunity cost. Free goods: A good or service that is not scarce and is available in abundance. F...
New
STUDYLAB2023
$12.99 More Info